Annual report pursuant to Section 13 and 15(d)

Debt - Credit Facilities Table (Details)

v3.24.0.1
Debt - Credit Facilities Table (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
SPL Revolving Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Total facility size $ 1,000 [1],[2]
Outstanding balance 0 [1],[2]
Letters of credit issued 280 [1],[2]
Available commitment $ 720 [1],[2]
Debt Instrument, Description of Variable Rate Basis SOFR or base rate
Maturity date Jun. 23, 2028 [1],[2]
SPL Revolving Credit Facility [Member] | Minimum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.075% [1],[2],[3]
SPL Revolving Credit Facility [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.30% [1],[2],[3]
SPL Revolving Credit Facility [Member] | SOFR  
Line of Credit Facility [Line Items]  
Debt Instrument, Credit Spread Adjustment On Variable Rate 0.10% [1],[2],[3]
SPL Revolving Credit Facility [Member] | SOFR | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.00% [1],[2],[3]
SPL Revolving Credit Facility [Member] | SOFR | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.75% [1],[2],[3]
SPL Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 0.00% [1],[2],[3]
SPL Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 0.75% [1],[2],[3]
CQP Revolving Credit Facility  
Line of Credit Facility [Line Items]  
Total facility size $ 1,000 [1],[4]
Outstanding balance 0 [1],[4]
Letters of credit issued 0 [1],[4]
Available commitment $ 1,000 [1],[4]
Debt Instrument, Description of Variable Rate Basis SOFR or base rate
Maturity date Jun. 23, 2028 [1],[4]
CQP Revolving Credit Facility | Minimum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.10% [1],[3],[4]
CQP Revolving Credit Facility | Maximum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.30% [1],[3],[4]
CQP Revolving Credit Facility | SOFR  
Line of Credit Facility [Line Items]  
Debt Instrument, Credit Spread Adjustment On Variable Rate 0.10% [1],[3],[4]
CQP Revolving Credit Facility | SOFR | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.125% [1],[3],[4]
CQP Revolving Credit Facility | SOFR | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 2.00% [1],[3],[4]
CQP Revolving Credit Facility | Base Rate [Member] | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 0.125% [1],[3],[4]
CQP Revolving Credit Facility | Base Rate [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.00% [1],[3],[4]
CCH Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Total facility size $ 3,260 [5]
Outstanding balance 0 [5]
Letters of credit issued 0 [5]
Available commitment $ 3,260 [5]
Debt Instrument, Description of Variable Rate Basis SOFR or base rate
Line of Credit Facility, Commitment Fee Percentage 0.525% [3],[5]
CCH Credit Facility [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Maturity date Jun. 15, 2029
Debt Instrument, Maturity Date, Years after Substantial Completion 2 years
CCH Credit Facility [Member] | SOFR  
Line of Credit Facility [Line Items]  
Debt Instrument, Credit Spread Adjustment On Variable Rate 0.10% [3],[5]
Debt Instrument, Basis Spread on Variable Rate 1.50% [3],[5]
CCH Credit Facility [Member] | Base Rate [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 0.50% [3],[5]
CCH Working Capital Facility [Member]  
Line of Credit Facility [Line Items]  
Total facility size $ 1,500 [6]
Outstanding balance - current 0 [6]
Letters of credit issued 155 [6]
Available commitment $ 1,345 [6]
Debt Instrument, Description of Variable Rate Basis SOFR or base rate
Maturity date Jun. 15, 2027 [6]
CCH Working Capital Facility [Member] | Minimum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.10% [3],[6]
CCH Working Capital Facility [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.20% [3],[6]
CCH Working Capital Facility [Member] | SOFR  
Line of Credit Facility [Line Items]  
Debt Instrument, Credit Spread Adjustment On Variable Rate 0.10% [3],[6]
CCH Working Capital Facility [Member] | SOFR | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.00% [3],[6]
CCH Working Capital Facility [Member] | SOFR | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.50% [3],[6]
CCH Working Capital Facility [Member] | Base Rate [Member] | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 0.00% [3],[6]
CCH Working Capital Facility [Member] | Base Rate [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 0.50% [3],[6]
Cheniere Revolving Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Total facility size $ 1,250 [7]
Outstanding balance 0 [7]
Letters of credit issued 0 [7]
Available commitment $ 1,250 [7]
Debt Instrument, Description of Variable Rate Basis SOFR or base rate
Maturity date Oct. 28, 2026 [7]
Quarterly Non-Consolidated Leverage Ratio Covenant, Maximum 5.50
Debt Instrument, Liquidity Covenant Threshold, Sum Of Outstanding Loans And Unreimbursed Letters Of Credit, Percentage of Commitments, Minimum 35.00%
Non-Consolidated Leverage Ration Requirement, Period Covenant Trigger Event Has Continued 30 days
Cheniere Revolving Credit Facility [Member] | Minimum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.115% [3],[7],[8]
Cheniere Revolving Credit Facility [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Line of Credit Facility, Commitment Fee Percentage 0.365% [3],[7],[8]
Cheniere Revolving Credit Facility [Member] | SOFR  
Line of Credit Facility [Line Items]  
Debt Instrument, Credit Spread Adjustment On Variable Rate 0.10% [3],[7]
Cheniere Revolving Credit Facility [Member] | SOFR | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.075% [3],[7]
Cheniere Revolving Credit Facility [Member] | SOFR | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 2.20% [3],[7]
Cheniere Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 0.075% [3],[7]
Cheniere Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate 1.20% [3],[7]
[1] In June 2023, CQP and SPL refinanced and replaced the CQP Credit Facilities and the SPL Working Capital Facility with the CQP Revolving Credit Facility and the SPL Revolving Credit Facility, respectively, resulting in extended maturity dates, revised borrowing capacities, reduced rate of interest and commitment fees applicable thereunder and certain other changes to terms and conditions.
[2] The obligations of SPL under the SPL Revolving Credit Facility are secured by substantially all of the assets of SPL as well as a pledge of all of the membership interests in SPL and certain future subsidiaries of SPL on a pari passu basis by a first priority lien with the SPL Senior Secured Notes. The SPL Revolving Credit Facility contains customary contractual conditions for extensions of credit.
[3] The margin on the interest rate and the commitment fees is subject to change based on the applicable entity’s credit rating
[4] The obligations under the CQP Revolving Credit Facility are jointly, severally and unconditionally guaranteed by Cheniere Investments, SPLNG, CTPL, Sabine Pass LNG-GP, LLC, Sabine Pass Tug Services, LLC and Cheniere Pipeline GP Interests, LLC.
[5] The obligations of CCH under the CCH Credit Facility are secured by a first priority lien on substantially all of the assets of CCH and its subsidiaries and by a pledge by CCH Holdco I of its limited liability company interests in CCH.
[6] The obligations of CCH under the CCH Working Capital Facility are secured by substantially all of the assets of CCH and the CCH Guarantors as well as all of the membership interests in CCH and each of the CCH Guarantors on a pari passu basis with the CCH Senior Secured Notes and the CCH Credit Facility.
[7] In June 2023, we amended the Cheniere Revolving Credit Facility to update the indexed interest rate to SOFR. The Cheniere Revolving Credit Facility contains a financial covenant requiring us to maintain a non-consolidated leverage ratio not to exceed 5.50:1.00 as of the end of any fiscal quarter if (i) as of the last day of such fiscal quarter the aggregate principal amount of outstanding loans plus drawn and unreimbursed letters of credit is greater than 35% of
the aggregate commitments under the Cheniere Revolving Credit Facility (a “Covenant Trigger Event”) or (ii) a Covenant Trigger Event had occurred and been continuing as of the last day of the immediately preceding fiscal quarter and as of the last day of such ending fiscal quarter such Covenant Trigger Event had not ceased for a period of at least thirty consecutive days.
[8] In April 2023, the commitment fees for the Cheniere Revolving Credit Facility were reduced as a result of achieving certain ESG metrics.