Loan & DebtJul 2, 2026, 04:43 PM
Cheniere Energy Increases Revolving Credit Facility to $1.75B, Extends to 2031
AI Summary
Cheniere Energy, Inc. (CEI) entered into an agreement to increase its revolving credit facility by $500 million, bringing the total to $1.75 billion, and extended its maturity date by one year to August 1, 2031. Concurrently, its indirect wholly-owned subsidiary, Cheniere Corpus Christi Holdings, LLC (CCH), amended and restated its working capital facility, decreasing the total committed amount by $500 million to $1.0 billion. The CCH facility is intended for general corporate purposes related to its Corpus Christi natural gas liquefaction and pipeline facilities.
Key Highlights
- Cheniere Energy, Inc. (CEI) increased its revolving credit facility by $500 million.
- CEI's total revolving credit facility now stands at $1.75 billion.
- The maturity date for CEI's facility was extended by one year to August 1, 2031.
- Cheniere Corpus Christi Holdings, LLC (CCH) decreased its working capital facility by $500 million.
- CCH's total working capital facility is now $1.0 billion.
- CCH's facility is for general corporate purposes, including refinancing outstanding loans or letters of credit.
- Interest on CCH loans is variable, based on Term SOFR (0.75%-1.5% margin) or base rate.
- CCH commitment fees range from 0.06% to 0.2% annually, based on debt credit ratings.
Price Impact
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