Cheniere Corpus Christi to price $1 billion eight-year secured notes this week; whisper is 7¼%-7½%

By Paul A. Harris

Portland, Ore., May 10 – Cheniere Corpus Christi Holdings, LLC plans to price $1 billion of non-callable eight-year senior secured notes late this week, according to a syndicate source.

Early guidance has the deal yielding 7¼% to 7½%.

The offering was scheduled to kick off on a mid-Tuesday morning conference call.

A New York investor lunch is scheduled to get underway at noon ET on Tuesday.

Morgan Stanley & Co. LLC, BofA Merrill Lynch, BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Lloyds, MUFG, Mizuho, RBC Capital Markets, Scotia Capital, SG CIB, SMBC Nikko and Standard Chartered are the joint bookrunners for the Rule 144A and Regulation S with registration rights offering.

BBVA and Credit Agricole CIB are the joint lead managers.

ABN Amro, Loop, Raymond James and Wells Fargo Securities LLC are the co-managers.

The Houston-based LNG company plans to use the proceeds to repay debt.

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