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    Cheniere to Offer $1bn in Notes Due 2028


The funds will be used to pay back some of a three-year credit facility.

by: Joe Murphy

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Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Corporate, Import/Export, Investments, Financials, News By Country, United States

Cheniere to Offer $1bn in Notes Due 2028

US LNG exporter Cheniere Energy announced on September 14 it would offer $1bn in senior secured notes due 2028.

The company will use the proceeds to prepay some of the $2.6bn it owes under a three-year, $2.7bn credit facility it secured in June. The funds will also cover related fees and expenses.

Cheniere, which operates the Sabine Pass LNG terminal in Louisiana and the Corpus Christi LNG terminal in Texas, posted a $197mn net income for the second quarter, marking a reversal from a $114mn loss a year earlier. It attributed the result to higher revenues and increased margins.