Cheniere to prepay portion of term loan with proceeds from new notes

By Sarah Lizee

Olympia, Wash., Nov. 5 – Cheniere Energy, Inc. plans to prepay a portion of the principal amount currently outstanding under wholly owned subsidiary Cheniere Corpus Christi Holdings, LLC’s term loan credit facility due 2024 using proceeds from new notes, according to a press release.

The company announced Tuesday that it intends to sell $1 billion of senior secured notes due 2029 in an offering targeting qualified institutional investors.

Cheniere is a Houston-based energy company.

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