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Cheniere Engages Joint Lead Arrangers to Arrange Debt Financing for the Corpus Christi Liquefaction Project

HOUSTON--(BUSINESS WIRE)--Apr. 20, 2018-- Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its wholly owned subsidiary Cheniere Corpus Christi Holdings, LLC (“Corpus Christi Holdings”) has engaged financial institutions to act as Joint Lead Arrangers (“Arrangers”) to assist in the structuring and arranging of up to $6.4 billion of credit facilities. Corpus Christi Holdings will amend and upsize its existing approximately $4.6 billion of credit facilities to increase the available commitments. The amended credit facilities will be used to fund a portion of the costs of developing, constructing, and placing into service three liquefaction trains and related facilities of the Corpus Christi liquefaction project (“CCL Project”), and the related pipeline being developed near Corpus Christi, Texas and for related business purposes.

The Arrangers include ABN Amro Capital USA LLC, Bank of America, N.A., Bank of China, New York Branch, The Bank of Nova Scotia, Houston Branch, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, China Merchants Bank Co. Ltd., New York Branch, Citibank, N.A., Commonwealth Bank of Australia, Credit Suisse, DBS Bank Ltd., Goldman Sachs Bank USA, HSBC Bank USA, National Association, Industrial and Commercial Bank of China Limited, New York Branch, ING Capital LLC, Intesa Sanpaolo S.p.A., New York Branch, JPMorgan Chase Bank, N.A., Lloyds Bank plc, Mizuho Bank, Ltd., Morgan Stanley Senior Funding, Inc., MUFG Bank, Ltd., RBC Capital Markets, Santander Bank N.A., Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and others.

Cheniere expects to close the amended credit facilities, proceed with a final investment decision for Train 3 of the CCL Project, and issue a notice to proceed to Bechtel Oil, Gas and Chemicals, Inc. for Train 3 in the first half of 2018.

About Cheniere

Cheniere Energy, Inc., a Houston-based energy company primarily engaged in LNG-related businesses, owns and operates the Sabine Pass LNG terminal in Louisiana. Directly and through its subsidiary, Cheniere Energy Partners, L.P., Cheniere is developing, constructing, and operating liquefaction projects near Corpus Christi, Texas and at the Sabine Pass LNG terminal, respectively. Cheniere is also exploring a limited number of opportunities directly related to its existing LNG business.

For additional information, please refer to the Cheniere website at www.cheniere.com and Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed with the Securities and Exchange Commission.

Forward-Looking Statements

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, (i) statements regarding Cheniere’s business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminals, including liquefaction facilities and pipelines, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements and (vi) statements regarding future discussions and entry into contracts. 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 Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

Source: Cheniere Energy, Inc.

Cheniere Energy, Inc.
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