Cheniere tenders for 7% secured notes due 2024, issues call

Chicago, Dec. 5 – Cheniere Energy, Inc. announced the launch of an any-and-all tender offer for the $1.25 billion outstanding 7% senior secured notes due 2024 that were issued by subsidiary Cheniere Corpus Christi Holdings, LLC.

The purchase price will be based on the 0.75% U.S. Treasury due Dec. 31, 2023 and a fixed spread of 50 basis points. Pricing will be determined at 11 a.m. ET on Dec. 9. Interest will also be paid.

The offer will expire at 5 p.m. ET on Dec. 9, also the withdrawal deadline.

Settlement is expected for Dec. 14.

There are guaranteed delivery procedures. Tenders using guaranteed delivery procedures are due by 5 p.m. ET on Dec. 13.

The issuer also issued a notice of redemption for any notes that remain outstanding. The notes will be redeemed with a 50 bps make-whole redemption premium on Jan. 23.

BofA Securities is the dealer manager (980 388-3646, 888 292-0070, debt_advisory@bofa.com).

D.F. King & Co., Inc. is the information and tender agent for the offer (888 280-6942, 212 269-5550, cheniere@dfking.com).

Cheniere is a Houston-based LNG company.

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