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|Cheniere Energy, Inc. Announces Upsizing and Pricing of $1.5 Billion Senior Secured Notes Due 2027 by Cheniere Corpus Christi Holdings, LLC|
CCH intends to use the net proceeds from the offering (after deducting the initial purchasers' commissions and certain provisions, costs, prepayment premiums, fees and expenses) to prepay a portion of the principal amounts currently outstanding under CCH's term loan credit facility (the "CCH Credit Facility"). The CCH 2027 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 Facility, its outstanding senior secured notes due 2024, senior secured notes due 2025, and its obligations under its working capital facility.
The offer of the CCH 2027 Notes has not been registered under the Securities Act of 1933, as amended (the "Securities Act") and the CCH 2027 Notes may not be offered or sold in
This press release contains certain statements that may include "forward-looking statements" within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, statements regarding Cheniere's business strategy, plans and objectives, including the use of proceeds from the offering. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere's periodic reports that are filed with and available from the
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