Deals this week: Sabine Pass Liquefaction, Encana Corporation, ARC Resources

Sabine Pass Liquefaction, a wholly owned subsidiary of Cheniere Energy Partners, has announced pricing and upsizing of the public offering of 5% senior secured notes due on 15 March 2027.

The offering has been upsized to raise $1.5bn, which will be used by the company to prepay outstanding principal of existing credit facilities and for funding the capital costs of the development of trains in a natural gas liquefaction facility in Cameron Parish, Louisiana.

The issue is scheduled for completion on 23 September.

Encana Corporation has announced plans to raise $1bn through a public offering of 107 million shares.

The underwriters including Credit Suisse Securities (Canada), J.P. Morgan Securities Canada and J.P. Morgan Securities have been granted a 30-day over-allotment option to buy up to 16.5 million shares.

The proceeds from the issue are intended to be used by the company to partly fund its 2017 capital programme and for repaying liabilities under its credit facilities.

ARC Resources plans to dispose its oil and gas assets located in south-eastern Saskatchewan, Canada, for up to $570m, according to sources.

The divestiture involves assets including conventional oil and gas production assets and working interest in Weyburn and Midale fields.

The Royal Bank of Canada has been retained by ARC Resources for the sale of the assets.

Key Energy Services has agreed to raise up to $85m through the issue of up to 7.22 million shares in a rights offering.

The units will be subscribed to by certain qualifying equity holders and some of the bearers of the company's senior notes.

Key Energy will also increase the issue size by up to $25m, based on its anticipated liquidity.

Hess Corporation has announced pricing of the public offering of notes, to raise $1bn. The notes bear a coupon rate of 4.3% and will mature on 1 April 2027.

The amount raised from the issue is intended to be used by the company to repurchase certain notes, and for working capital and other general corporate requirements.

The issue is scheduled for closure on 28 September.