HOUSTON, Dec. 5, 2016 /PRNewswire/ -- Cheniere
Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its
wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC
("CCH") intends to offer, subject to market and other conditions,
$1.0 billion principal amount of
Senior Secured Notes due 2025 ("CCH 2025 Notes").
CCH intends to use the net proceeds from the offering (after
deducting the initial purchasers' commissions and certain
provisions, costs, prepayment premiums, fees and expenses) to
prepay a portion of the principal amounts currently outstanding
under CCH's credit facilities (the "CCH Credit Facilities"). The
CCH 2025 Notes will be secured by a first priority security
interest in substantially all of the assets of CCH and its
subsidiaries and by a pledge of all of the equity interests in CCH
and 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.
The offer of the CCH 2025 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the CCH 2025 Notes may not be offered or sold in the United States absent registration under
the Securities Act or an applicable exemption from the registration
requirements of the Securities Act. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale of these securities would
be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements" within the meanings of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical facts, included herein are "forward-looking statements."
Included among "forward-looking statements" are, among other
things, statements regarding Cheniere's business strategy, plans
and objectives, including the use of proceeds from the offering.
Although Cheniere believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Cheniere's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in Cheniere's periodic reports that are filed with and
available from the Securities and Exchange Commission. You should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Other than as
required under the securities laws, Cheniere does not assume a duty
to update these forward-looking statements.
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SOURCE Cheniere Energy, Inc.