HOUSTON - Cheniere Energy, Inc. (NYSE: NYSE:LNG), a major player in the liquefied natural gas (LNG) market, announced today its intention to issue Senior Notes due in 2034, subject to market conditions and other factors.
The company aims to use the proceeds from this debt offering to address its existing financial obligations, specifically to retire all or a portion of the approximately $1.5 billion outstanding principal amount of its subsidiary Cheniere Corpus Christi Holdings, LLC's senior secured notes due in 2025.
The proposed debt issuance, known as the Cheniere 2034 Notes, is designed to rank equally in payment priority with Cheniere's current senior notes, including those maturing in 2028. However, the company clarified that this announcement is not an offer to purchase or a solicitation of an offer to sell the CCH 2025 Notes, nor is it a notice of redemption under the indenture governing those notes.
Cheniere has not registered the offering under the Securities Act of 1933, as amended, and as such, the Cheniere 2034 Notes cannot be offered or sold within the United States without either a registration or an exemption from the registration requirements of the Securities Act. The company has also indicated that the securities will not be sold in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
The press release from Cheniere Energy included statements that may be considered forward-looking, as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. Such statements encompass various aspects of the company's operations, including financial and operational guidance, business strategy, and development plans for liquefaction facilities.
They also cover regulatory expectations, business prospects, potential financing arrangements, and capital deployment strategies. However, it is important to note that actual results could differ from those projected due to various risks and uncertainties.
Investors and interested parties should be aware that forward-looking statements are based on assumptions and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated. Cheniere has advised that these forward-looking statements should not be relied upon unduly and that, except as required by law, the company does not intend to update them.
This news report is based on a press release statement from Cheniere Energy, Inc.
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