NYSE:LNGOil and Gas
Is Cheniere Energy’s (LNG) New Long-Dated Bond Deal Rewriting Its Balance Sheet Strategy?
Earlier this month, Cheniere Energy closed a private offering of US$1.00 billion of 5.200% Senior Notes due 2036 and US$750.00 million of 6.000% Senior Notes due 2056, issued just below par under an indenture with The Bank of New York Mellon and carrying customary covenants and optional redemption features.
The unregistered Rule 144A and Regulation S issuance adds long-dated, senior unsecured debt that Cheniere can later exchange into registered securities, potentially broadening its...