Cheniere Corpus Christi Holdings LLC (CCH) will offer $1 billion in senior secured notes due 2024, parent company Cheniere Energy Inc. said May 10.

The notes will be secured by a first priority security interest in assets of CCH and its subsidiaries and in equity interests, Cheniere said.

CCH will use the net proceeds to prepay a portion of the principal amounts currently outstanding under its credit facilities and to pay fees and expenses related to this offering.

Cheniere Energy Inc. is based in Houston.