Cheniere in $1.5 billion senior notes offering

US LNG exporting giant Cheniere has priced its $1.5 billion offering of senior notes due 2034.

Cheniere said in a statement the 2034 notes will bear interest at a rate of 5.650 percent per annum.

Also, the notes will be issued at 99.789 percent of par and will mature on April 15, 2034.

Cheniere expects the closing of the offering to occur on March 19.

It intends to use the proceeds from the offering to retire all or a portion of the $1.5 billion outstanding aggregate principal amount of Cheniere Corpus Christi Holdings, LLC’s senior secured notes due 2025.

The Houston-based firm said the notes were not registered under the Securities Act of 1933, or the securities laws of any state or other jurisdictions, and the notes may not be offered or sold in the US.

Cheniere added that this announcement does not constitute an offer to purchase or a solicitation of an offer to sell the CCH 2025 notes or a notice of redemption under the indenture governing the CCH 2025 notes.

The 2034 notes will rank pari passu in right of payment with existing senior notes at Cheniere, including the senior notes due 2028.

Cheniere expanding capacity

Cheniere is the largest LNG exporter in the US.

The company’s Sabine Pass facility in Louisiana currently has a capacity of about 30 mtpa following the launch of the sixth train in February 2022, while Cheniere’s three-train Corpus Christi plant in Texas can produce about 15 mtpa of LNG and is undergoing expansion to add more than 10 mtpa of capacity.

Besides this expansion, Cheniere plans to build two more liquefaction trains as part of the third expansion phase at the Corpus Christi plant.

In addition, Cheniere also aims to build two new liquefaction trains as part of the Sabine Pass Stage 5 expansion project to add up to 20 mtpa of capacity to the giant facility.

Most Popular

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

Argentina’s Southern Energy takes FID on second FLNG

Argentina's Southern Energy takes FID on second FLNG

YPF CEO sees FIDs on FLNG projects with Eni, Shell in Q1 2026

Argentina’s state-owned oil and gas company YPF and its partners Eni and Shell may take final investment decisions on two stages of the Argentina LNG project in the first quarter of 2026, according to YPF CEO Horacio Marin.

More News Like This

Cheniere, Jera seal long-term LNG SPA

US LNG exporter Cheniere has signed a long-term LNG sale and purchase agreement with Japan's Jera.

Cheniere completes second train at Corpus Christi LNG expansion project

US LNG exporting giant Cheniere has achieved substantial completion of the second liquefaction train at the Corpus Christi Stage 3 expansion project in Texas.

Cheniere to start pre-filing process for Corpus Christi Stage 4 project

US LNG exporting giant Cheniere is seeking approval from the US FERC to initiate the environmental pre-filing review for its Corpus Christi Liquefaction Stage 4 project in Texas.

Port of Corpus Christi: H1 LNG volumes rise 10.8 percent

The US Port of Corpus Christi in Texas reported a 10.8 percent year-on-year increase in its liquefied natural gas (LNG) volumes in the first half of this year.