Cheniere Corpus Christi Holdings LLC issued $727 million of its 4.80% senior secured notes due Dec. 31, 2039, completing a previously announced note purchase agreement.
The senior notes would accrue interest at a rate of 4.80% per annum, payable June 30 and Dec. 31 every year starting Dec. 31 this year, according to a Sept. 30 SEC filing. Amortization of the notes is deferred until June 30, 2027.
Corpus Christi Holdings may redeem all or a part of the senior notes any time before June 30, 2039, at a redemption price equal to the "make-whole" price plus accrued and unpaid interest; or any time after June 30, 2039, at a redemption price equal to 100% of the notes to be redeemed plus interest.
Cheniere Corpus Christi's subsidiaries Corpus Christi Liquefaction LLC, Cheniere Corpus Christi Pipeline LP and Corpus Christi Pipeline GP LLC served as guarantors. The Bank of New York Mellon served as the trustee and Allianz Global Investors GmbH served as the noteholder consultant.
Cheniere Corpus Christi is a subsidiary of Cheniere Energy Inc., a leading producer and exporter of LNG in the U.S.
