Cheniere Energy, Inc. Announces Intent to Offer $1.0 Billion Senior Secured Notes Due 2029 by Cheniere Corpus Christi Holding...
November 05 2019 - 07:59AM
Business Wire
Cheniere Energy, Inc. ("Cheniere") (NYSE American: 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 2029 ("CCH 2029 Notes").
CCH intends to use the proceeds from the offering to prepay a
portion of the principal amount currently outstanding under CCH’s
term loan credit facility due 2024 (the “CCH Credit Facility”). The
CCH 2029 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, senior secured notes due
2027, both series of senior secured notes due 2039, and its
obligations under its working capital facility.
The offer of the CCH 2029 Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the CCH 2029 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, (i) statements regarding
Cheniere’s financial and operational guidance, business strategy,
plans and objectives, including the development, construction and
operation of liquefaction facilities, (ii) statements regarding
expectations regarding regulatory authorizations and approvals,
(iii) statements expressing beliefs and expectations regarding the
development of Cheniere’s LNG terminal and pipeline businesses,
including liquefaction facilities, (iv) statements regarding the
business operations and prospects of third parties, (v) statements
regarding potential financing arrangements, (vi) statements
regarding future discussions and entry into contracts, and (vii)
statements relating to the amount and timing of share repurchases.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191105005658/en/
Investors Randy Bhatia:
713-375-5479 Megan Light: 713-375-5492
Media Eben Burnham-Snyder:
713-375-5764 Jenna Palfrey: 713-375-5491
Cheniere Energy (AMEX:LNG)
Historical Stock Chart
From Feb 2024 to Mar 2024
Cheniere Energy (AMEX:LNG)
Historical Stock Chart
From Mar 2023 to Mar 2024