Cheniere increases notes offering to $1.5 bn

Cheniere increases notes offering to $1.5 bn
Image courtesy of Cheniere

Houston-based LNG player Cheniere upsized the senior secured notes offering by its Cheniere Corpus Christi Unit. 

Initially, the company planned on offering US$1 billion notes due 2027, however, according to the company’s latest statement, it has increased the offering up to $1.5 billion.

The CCH 2027 Notes will bear interest at a rate of 5.125% per annum and will mature on June 30, 2027.

The company expects to close the offering on May 19, 2017, the statement reads.

Cheniere intends to use 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

Share this article

Follow LNG World News

Posted on May 16, 2017 with tags .

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >