HOUSTON, May 15, 2017 /PRNewswire/ -- Cheniere
Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its
wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC
("CCH"), has upsized and priced its previously announced offering
of Senior Secured Notes due 2027 (the "CCH 2027 Notes"). The
principal amount of the offering has been increased from the
initially announced $1.0 billion 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 CCH 2027 Notes are priced at par and the closing
of the offering is expected to occur on May
19, 2017.
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 term loan credit facility (the "CCH Credit Facility").
The CCH 2027 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 Facility, its outstanding senior secured notes
due 2024, senior secured notes due 2025, and its obligations under
its working capital facility.
The offer of the CCH 2027 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the CCH 2027 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 or present facts or conditions, 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.
CONTACTS:
Investors
Randy
Bhatia:
713-375-5479
Megan
Light:
713-375-5492
Media
Eben
Burnham-Snyder:
713-375-5764
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SOURCE Cheniere Energy, Inc.