Cheniere Corpus Christi Holdings LLC (CCH) closed the offering of $1.25 billion in 7.00% senior secured notes due 2024, parent company Cheniere Energy Inc. said May 18.
CCH will use the net proceeds to prepay a portion of the principal amounts currently outstanding under its credit facility, and to pay fees and expenses related to this offering and the prepayment.
The 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.
Cheniere Energy Inc. is based in Houston.
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