Cheniere Energy plans $1B notes offering by Cheniere Corpus Christi Holdings

Cheniere Energy Inc. (NYSE MKT: LNG) subsidiary Cheniere Corpus Christi Holdings LLC (CCH) intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2024.

CCH intends to use the net proceeds from the offering to prepay a portion of the principal amounts currently outstanding under CCH's credit facilities and to pay fees and expenses incurred in connection with this offering. The CCH 2024 Notes will be secured by a first priority security interest in substantially all of the assets of CCH and its subsidiaries and by a pledge of all of the equity interests in CCH and will rank pari passu in right of payment with all existing and future senior secured indebtedness of CCH, including borrowings under the CCH Credit Facilities.

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