Cheniere Energy to prepay portion of its credit facility

By Taylor Fox

New York, Sept. 14 – Cheniere Energy, Inc. plans to prepay a portion of the outstanding debt under its $2.695 billion three-year delayed-draw term loan, according to a news release.

Cheniere entered into the facility in June 2020 and previously reduced its debt to $2.595 billion.

Cheniere will also pay related fees, expenses and other amounts owing in connection to the prepayment.

The company will use proceeds from its offering of $1 billion senior notes due 2028 to help fund the redemption.

The liquefied natural gas company is based in Houston.

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