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>

<< May 2019 >>
MTWTFSS
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

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

GIE Annual Conference 2019

The French gas infrastructure operators ELENGY, GRTgaz and Storengy are looking forward to be your hosts in 2019.

read more >