Cheniere Energy, Inc. Announces Offering of Senior Secured Notes due 2028
September 14 2020 - 7:24AM
Business Wire
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) today
announced that it intends to offer, subject to market and other
conditions, $1.0 billion aggregate principal amount of Senior
Secured Notes due 2028 (the “Cheniere Notes”).
Cheniere intends to use the proceeds from its inaugural offering
to prepay a portion of the outstanding indebtedness of Cheniere
under the 3-year $2.695 billion delayed draw term loan credit
facility Cheniere entered into in June 2020 and subsequently
partially repaid and reduced to $2.595 billion, and to pay related
fees, expenses and other amounts owing in connection therewith.
The offer of the Cheniere Notes has not been registered under
the Securities Act of 1933, as amended (the "Securities Act") and
the Cheniere 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, (vii)
statements relating to the amount and timing of share repurchases,
and (viii) statements regarding the outbreak of COVID-19 and its
impact on Cheniere’s business and operating results. 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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version on businesswire.com: https://www.businesswire.com/news/home/20200914005452/en/
Cheniere Energy, Inc. Investors Randy Bhatia 713-375-5479 Megan
Light 713-375-5492
Or
Media Relations Eben Burnham-Snyder 713-375-5764 Jenna Palfrey
713-375-5491
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