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Cheniere Energy (LNG) Prices Senior Notes Worth $1.5 Billion
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Houston-based natural gas exporter Cheniere Energy, Inc (LNG - Free Report) recently announced the pricing of senior notes offering worth $1.5 billion, scheduled to mature on Jun 30, 2027. The offering was upsized from the previously announced $1 billion aggregate principal amount of notes. The notes carrying a coupon rate of 5.125% would be offered to select investors. The notes are priced on par and the closure of the offering is scheduled on May 19, 2017, subject to customary closing conditions.
Cheniere Energy intends to use the net proceeds from this offering to prepay a portion of debt associated with its Corpus Christi liquefied natural gas export facility in Texas. Specifically, it will use the funds to pay off a portion of the principal amounts currently outstanding under Cheniere Corpus Christi Holdings, LLC’s term loan credit facility.
Zacks Rank and Key Picks
Cheniere Energy is primarily engaged in liquefied natural gas-related businesses. The company owns and operates the Sabine Pass liquefied natural gas terminal in Louisiana through its 57.9% ownership interest in and management agreements with Cheniere Energy Partners, L.P. (CQP - Free Report) .
Pampa Energia is expected to report year-over-year growth of 38,200% in its earnings in 2017.
RWE is expected to report year-over-year growth of 42.45% in its earnings in 2017.
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Cheniere Energy (LNG) Prices Senior Notes Worth $1.5 Billion
Houston-based natural gas exporter Cheniere Energy, Inc (LNG - Free Report) recently announced the pricing of senior notes offering worth $1.5 billion, scheduled to mature on Jun 30, 2027. The offering was upsized from the previously announced $1 billion aggregate principal amount of notes. The notes carrying a coupon rate of 5.125% would be offered to select investors. The notes are priced on par and the closure of the offering is scheduled on May 19, 2017, subject to customary closing conditions.
Cheniere Energy intends to use the net proceeds from this offering to prepay a portion of debt associated with its Corpus Christi liquefied natural gas export facility in Texas. Specifically, it will use the funds to pay off a portion of the principal amounts currently outstanding under Cheniere Corpus Christi Holdings, LLC’s term loan credit facility.
Zacks Rank and Key Picks
Cheniere Energy is primarily engaged in liquefied natural gas-related businesses. The company owns and operates the Sabine Pass liquefied natural gas terminal in Louisiana through its 57.9% ownership interest in and management agreements with Cheniere Energy Partners, L.P. (CQP - Free Report) .
In the last six months Cheniere Energy’s shares have outperformed the Zacks categorized Oil and Gas - United States - Exploration and Production industry. The company’s shares gained 31.3%, while the industry declined 8.3%
Cheniere Energy currently carries a Zacks Rank #3 (Hold).
Some better-ranked players from the energy space include Pampa Energia S.A. (PAM - Free Report) and RWE Aktiengesellschaft (RWEOY - Free Report) . Both the companies sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Pampa Energia is expected to report year-over-year growth of 38,200% in its earnings in 2017.
RWE is expected to report year-over-year growth of 42.45% in its earnings in 2017.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>