Moody's gives Cheniere Corpus Christi bond Baa3

Moody's Investors Service said it assigned a Baa3 rating to Cheniere Corpus Christi Holdings, LLC's $768.7 million of fully amortizing 3.52% senior secured notes due 2039. These securities rank on parity with CCH's outstanding senior secured debt.

With the completion of this offering, CCH's capital structure includes three series of fully amortizing notes totaling about $2 billion with annual amortization requirements beginning 2027 and running through 2039, the agency said.

Proceeds will be used to refinance and retire a similar amount outstanding under CCH's $3.3 billion term loan due June 2024

The outlook is stable.

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