Houston-based LNG player Cheniere Energy on Wednesday informed its unit, Cheniere Corpus Christi Holdings, closed the offering US$1.25 billion senior secured notes due 2024.
In its statement, Cheniere said that CCH intends to use the net proceeds from the offering to prepay a portion of the principal amounts currently outstanding under CCH’s credit facility and to pay fees and expenses incurred in connection with this offering and the prepayment.
Initially, CCH’s offering was at US$1 billion, however, the amount has been increased to $1.25 billion, bearing interest at a rate of 7 percent per annum, maturing on June 30, 2024.
LNG World News Staff