Cheniere’s CCH plans $1 bln senior secured notes offering

Corpus Christi liquefaction project (Image: Cheniere)
Corpus Christi liquefaction project (Image: Cheniere)

Hoston-based LNG export player, Cheniere informed its unit, Cheniere Corpus Christi Holdings plans to offer $1 billion of senior secured notes due 2025.

Cheniere Corpus Christi Holdings intends to use the net proceeds from the offering to prepay a portion of the principal amounts currently outstanding under CCH’s credit facilities.

The CCH 2025 notes will be secured by a first priority security interest in substantially all of the assets of Cheniere Corpus Christi Holdings and its subsidiaries and by a pledge of all of the equity interests in CCH, Cheniere noted in the statement.

The notes will rank pari passu in right of payment with all existing and future senior secured indebtedness of CCH, including borrowings under the CCH credit facilities and its outstanding senior secured notes due 2024, it added.

Cheniere is currently developing two LNG export projects on the U.S. Gulf Coast, namely the Sabine Pass and the Corpus Christi project.

The Sabine Pass liquefaction plant, first of its kind to ship U.S. shale gas overseas, started exporting the chilled fuel in February this year.

 

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

Downstream 2019

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

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >