Houston-based Cheniere Energy Inc. (NYSE American: LNG) is turning to debt markets to raise the next wave of funds it needs to expand its flagship asset in Louisiana.
The company will try to sell $1.5 billion in senior notes due 2029, up from its initial $1 billion plan, according to a Sept. 9 press release. Some of the proceeds with go toward paying down outstanding debt, but the remainder will go toward the catch-all “general corporate purposes,” the company said. The company specifically…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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