US Cheniere to Offer $1bn in Senior Notes

Houston-based LNG exporter Cheniere Energy announced on November 5 that its wholly owned subsidiary Cheniere Corpus Christi Holdings (CCH) plans to offer up $1bn in senior secured notes due in 2029.

CHH, which operates the Corpus Christi LNG project in Texas, will use the proceeds to prepay a portion of outstanding funds owed under its loan credit facility due in 2024, Cheniere said in a statement on November 5.

Corpus Christi LNG’s second 4.5mn mt/yr export train was completed in September, with first commercial deliveries expected in the second quarter of 2020. A third train with the same size is due on stream in the second half of 2021, and Cheniere has plans to add a further seven 1.4mn mt/yr trains over the coming years.