Cheniere Energy will aim for high-grade status through debt paydowns

Chicago, Sept. 7 – Cheniere Energy, Inc. announced that its board of directors has approved a long-term capital allocation plan to move the company to investment-grade status, according to a press release on Tuesday.

Part of the plan will include paying down debt at the rate of $1 billion per year until the investment-grade metrics are met.

The company is aiming for IG status by the early-to-mid 2020s.

Cheniere Energy is a Houston-based energy company.

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