US LNG exporting giant Cheniere plans to offer, subject to market and other conditions, senior notes due 2034.
Cheniere said on Thursday that it intends to use the proceeds from the offering for general corporate purposes.
These may include, among other things, the repayment, refinancing or redemption of Cheniere and its subsidiaries’ existing indebtedness (including currently outstanding amounts under its subsidiary Cheniere Corpus Christi Holdings, LLC’s term loan facility), funding capital expenditures, working capital, and other business opportunities.
According to Cheniere, the notes will rank pari passu in right of payment with its existing senior notes, including the senior notes due 2028 and the senior notes due 2034.
Cheniere noted that the offer had not been registered under the Securities Act of 1933, and the notes may not be offered or sold in the US absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
The owner of the Sabine Pass and Corpus Christi LNG export recently said that its total revenue reached $19.97 billion in 2025, a 27.2 percent increase compared to 2024.
Cheniere attributed the rise to a $2.9 billion increase due to higher pricing per MMBtu primarily from increased Henry Hub pricing, to which the majority of its long-term LNG sales contracts are indexed.