Cheniere Announces Redemption of the 7.000% Senior Secured Notes due 2024 by Cheniere Corpus Christi Holdings, LLC

Rhea-AI Summary

Cheniere Energy, Inc. (NYSE American: LNG) announced that its subsidiary, Cheniere Corpus Christi Holdings, LLC, will redeem all outstanding 7.000% Senior Secured Notes due 2024 on January 5, 2023. The redemption price will be based on the treasury rate plus 50 basis points. The Bank of New York Mellon will notify all registered holders of the Notes. This press release contains forward-looking statements regarding Cheniere's business strategy and plans, which may involve risks and uncertainties.

HOUSTON--(BUSINESS WIRE)-- Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that its wholly owned subsidiary, Cheniere Corpus Christi Holdings, LLC (“CCH”), will redeem all of its 7.000% Senior Secured Notes due 2024 (CUSIP Numbers 16412X AD7, 16412X AA3) (the “Notes”) outstanding on January 5, 2023 (the “Redemption Date”).

CCH will redeem the Notes at a make-whole redemption price based on the treasury rate plus 50 basis points.

Cheniere has instructed The Bank of New York Mellon, the trustee for the Notes, to distribute a notice of redemption to all registered holders of the Notes. The Notes must be surrendered to The Bank of New York Mellon, to collect the redemption price pursuant to the notice of redemption.

This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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, statements regarding Cheniere’s business strategy, plans and objectives, including statements regarding CCH’s intent to redeem the Notes. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221204005025/en/

Cheniere Contacts

Investors

Randy Bhatia

713-375-5479

Frances Smith

713-375-5753

Media Relations

Eben Burnham-Snyder

713-375-5764

Phil West

713-375-5586

Source: Cheniere Energy, Inc.

FAQ

When will Cheniere Energy redeem its Senior Secured Notes due 2024?

Cheniere Energy will redeem its Senior Secured Notes due 2024 on January 5, 2023.

What is the redemption price for Cheniere's 7.000% Senior Secured Notes?

The redemption price will be based on the treasury rate plus 50 basis points.

Who will notify the holders of the Notes about the redemption?

The Bank of New York Mellon will distribute the notice of redemption to all registered holders.

What are forward-looking statements in Cheniere's press release?

Forward-looking statements include expectations regarding Cheniere's business strategy and plans but involve risks and uncertainties.