Cheniere Energy to Pay Off More Debt With Investment-Grade Score

Cheniere Energy Inc., an operator of liquefied natural gas terminals, plans to extinguish more of its debt after it secured a second investment-grade credit rating, the company’s finance chief said.

Cheniere last year shrank its debt by $5.4 billion, leaving it with $25.1 billion at the end of December and enough for the Houston, Texas-based company to receive a BBB- rating from Fitch Ratings in January. That followed a BBB rating from S&P Global Ratings in November.

“We will be opportunistic in buying back debt that is trading below par,” Chief Financial Officer Zach Davis said in an interview, ...