Cheniere Energy informed its unit, Cheniere Corpus Christi Holdings plans to offer US$1 billion principal amount of Senior Secured Notes due 2024.
Corpus Christi Holdings intends to use the net proceeds from the offering to prepay a portion of the principal amounts currently outstanding under its credit facilities and to pay fees and expenses incurred in connection with this offering, a company statement reads.
The CCH 2024 notes will be secured by a first priority security interest in substantially all of the assets of Corpus Christi Holdings 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.