Item\u20091.01<\/p>\n
Entry into a Material Definitive Agreement. <\/p>\n
Commitment Increase and Maturity Extension Agreement <\/p>\n
On June\u00a026, 2026, Cheniere Energy, Inc. (\u201cCEI\u201d) entered into a Commitment Increase and Maturity Extension Agreement (the \u201cCEI Agreement\u201d) by and among CEI, as borrower (the \u201cBorrower\u201d), Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, as administrative agent (the \u201cAdministrative Agent\u201d) and the lenders party thereto, with respect to the Third Amended and Restated Revolving Credit Agreement, dated as of August\u00a01, 2025 (as may be amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time, the \u201cCEI Revolving Credit Facility\u201d), by and among the Borrower, the lenders and issuing banks party thereto from time to time, the Administrative Agent and the other agents and arrangers party thereto from time to time. The CEI Agreement increases the aggregate commitments under the CEI Revolving Credit Facility by $500\u00a0million to $1.75\u00a0billion and extends the maturity date thereof by one year, from August\u00a01, 2030 to August\u00a01, 2031. All other terms and conditions of the CEI Revolving Credit Facility remain unchanged and in full force and effect. <\/p>\n
CCH Revolving Credit Agreement and Related Finance Documents <\/p>\n
On June\u00a026, 2026, Cheniere Corpus Christi Holdings, LLC (\u201cCCH\u201d), Cheniere Corpus Christi Pipeline, L.P. (\u201cCCP\u201d), Corpus Christi Pipeline GP, LLC (\u201cCCP GP\u201d) and Corpus Christi Liquefaction, LLC (\u201cCCL\u201d) (CCP, CCP GP and CCL, collectively, the \u201cGuarantors\u201d and, CCH and the Guarantors, collectively, the \u201cLoan Parties\u201d), each indirectly wholly owned by CEI, entered into the Revolving Credit Agreement (the \u201cCCH Revolving Credit Agreement\u201d) with the lenders party thereto from time to time, the issuing banks party thereto from time to time, the swing line lenders party thereto from time to time, The Bank of Nova Scotia, as revolving facility agent (the \u201cCCH Revolving Facility Agent\u201d) and, solely for purposes of Section\u00a03.07, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, as Security Trustee. The CCH Revolving Credit Agreement amends and restates CCH\u2019s existing working capital facility agreement to decrease the total committed amount under the CCH Revolving Credit Agreement by $500\u00a0million to $1.0\u00a0billion. The CCH Revolving Credit Agreement is intended to be used for loans (\u201cRevolving Loans\u201d) to, and the issuance of letters of credit (\u201cLetters of Credit\u201d) on behalf of, CCH, for general corporate purposes related to the operation of CCH\u2019s Corpus Christi natural gas liquefaction facilities and Corpus Christi natural gas pipeline and related facilities near Corpus Christi, Texas, including to refinance outstanding loans or letters of credit under the existing working capital facility agreement. The entire amount of the CCH Revolving Credit Agreement will be available for the issuance of Letters of Credit. <\/p>\n
The Loan Parties operate as legal entities separate and distinct from CEI and its other affiliates, and with capital structures independent from CEI and its other affiliates. <\/p>\n
Conditions Precedent to Disbursements, Advances and Issuances of Letters of Credit <\/p>\n
Advances and issuances of letters of credit under the CCH Revolving Credit Agreement are subject to customary conditions precedent, including the absence of defaults, bring-down of certain representations and warranties, and the payment of applicable fees and expenses. <\/p>\n
Interest and Fees <\/p>\n
Loans under the CCH Revolving Credit Agreement, including Revolving Loans and any loans deemed made in connection with a draw upon any Letters of Credit (\u201cLC Loans\u201d and, collectively, the \u201cLoans\u201d), will bear interest at a variable rate per annum equal to (a)\u00a0Term SOFR, plus an applicable margin ranging from 0.75% to 1.5%, or (b)\u00a0the base rate, plus an applicable margin, in each case, with the applicable margin based on the Company\u2019s debt credit ratings then in effect. Interest on Revolving Loans is due and payable on the date such loans become due. Interest on Term SOFR Revolving Loans is due and payable at the end of each Term SOFR period and, if applicable, upon conversion to a base rate Revolving Loans, and interest on base rate Revolving Loans is due and payable at the end of each calendar quarter and, if applicable, upon conversion to Term SOFR Revolving Loans. <\/p>\n
CCH paid certain upfront fees to the agents and lenders under the CCH Revolving Credit Agreement, together with additional transaction fees and expenses. Certain administrative fees must also be paid to the CCH Revolving Facility Agent. <\/p>\n
The CCH Revolving Credit Agreement provides for the following fees: (i)\u00a0a commitment fee on the average daily amount of the excess of the total commitment amount over the principal amount outstanding in an amount equal to an annual rate ranging from 0.06% to 0.2%, depending on CCH\u2019s debt credit ratings; (ii)\u00a0a letter of credit fee equal to an annual rate ranging from 0.75% to 1.50%, depending on CCH\u2019s debt credit ratings; and (iii)\u00a0a letter of credit fronting fee to each issuing bank that has issued fronted letters of credit in an amount equal to an annual rate of 0.175% of the undrawn portion of all letters of credit issued by such issuing bank. Each of these fees is payable quarterly in arrears. In the event that draws are made upon any letters <\/p>\n","protected":false},"excerpt":{"rendered":"Item\u20091.01 Entry into a Material Definitive Agreement. Commitment Increase and Maturity Extension Agreement On June\u00a026, 2026, Cheniere Energy,…\n","protected":false},"author":2,"featured_media":359103,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[19864,127604,155,157,156,127605,19867,127602,127606,127603],"class_list":["post-359102","post","type-post","status-publish","format-standard","has-post-thumbnail","category-corpus-christi","tag-cheniere-energy","tag-corporate-finance","tag-corpus-christi","tag-corpus-christi-headlines","tag-corpus-christi-news","tag-liquidity","tag-lng","tag-revolving-credit-facility","tag-sofr-interest","tag-term-loan-amendment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/359102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=359102"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/359102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/359103"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=359102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=359102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=359102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}