Cheniere in $1 bn offering

US LNG export player Cheniere said its unit Cheniere Corpus Christi Holdings intends to offer US$1 billion principal amount of senior secured notes due 2027.
Aerial view of Corpus Christi plant site

US LNG export player Cheniere said its unit Cheniere Corpus Christi Holdings intends to offer US$1 billion principal amount of senior secured notes due 2027.

The unit plans on using the net proceeds from the offering to prepay a portion of the principal amounts currently outstanding under CCH’s term loan credit facility.

Cheniere is developing a natural gas liquefaction and export project near Corpus Christi, Texas, consisting of three trains each with a nominal production capacity of approximately 4.5 mtpa of LNG.

Trains 1 and 2 are under construction, and Train 3 is being commercialized and has all necessary regulatory approvals in place.

 

LNG World News Staff

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