Rio Grande LNG Issues $3.5B Notes

Rio Grande LNG will issue $1.0B 5.250% senior secured notes due June 30th, 2031, $500M 5.500% notes due Jan.

30th, 2034, $1.25B 5.750% notes due June 30th, 2036, and $750M 6.150% notes due June 30th, 2041. - Closing is expected July 2nd, subject to customary closing conditions. - Net proceeds will repay a portion of outstanding borrowings under existing credit agreements and pay related fees and expenses; notes will rank pari passu with RGLNG's existing term loan facilities, working capital facility, senior secured notes, and senior secured loans.