97 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—CONTINUED CHENIERE ENERGY, INC. AND SUBSIDIARIES Issuances and Repayments The following table shows the issuances and repayments of long-term debt during the year ended December 31, 2020 (in millions): (1) Proceeds of the 2030 SPL Senior Notes, along with available cash, were used to redeem all of SPL’s outstanding 2021 SPL Senior Notes, resulting in the recognition of debt extinguishment costs of $43 million for the year ended December 31, 2020 relating to the payment of early redemption fees and write off of unamortized debt premium and issuance costs. (2) Proceeds of the 3.52% CCH Senior Secured Notes were used to repay a portion of the outstanding borrowings under the CCH Credit Facility, pay costs associated with certain interest rate derivative instruments that were settled and pay certain fees, costs and expenses incurred in connection with these transactions. The repayment of the CCH Credit Facility resulted in the recognition of debt extinguishment costs of $9 million for the year ended December 31, 2020 relating to the write off of unamortized debt discounts and issuance costs. (3) Proceeds of the 2028 Cheniere Senior Secured Notes, along with $200 million in available cash, were used to prepay approximately $2.1 billion of the outstanding indebtedness of the Cheniere Term Loan Facility, resulting in the recognition of debt extinguishment costs of $16 million for the year ended December 31, 2020. The borrowings under the Cheniere Term Loan Facility, which was entered into in June 2020 with available commitments of $2.62 billion and subsequently increased to $2.695 billion in July 2020, were used to (1) redeem the outstanding principal amount of the 2025 CCH HoldCo II Convertible Senior Notes remaining after the redemption of an aggregate outstanding principal amount of $300 million with available cash in March 2020, including paid-in-kind interest, with cash at a price of $1,080 per $1,000 principal amount, (2) repurchase $844 million in aggregate principal amount of outstanding 2021 Cheniere Convertible Unsecured Notes, including paid-in-kind interest, at individually negotiated prices from a small number of investors and (3) pay the related fees and expenses. The redemption of the 2025 CCH HoldCo II Convertible Senior Notes and the repurchase of the 2021 Cheniere Convertible Unsecured Notes resulted in the recognition of debt extinguishment costs of $149 million and a reduction in equity associated with reacquisition of the embedded conversion option of $10 million. Issuances and Long-Term Borrowings Principal Amount Issued SPL  — 4.500% Senior Secured Notes due 2030 (the “2030 SPL Senior Notes”) (1) $ 2,000  CCH  — 3.52% Senior Secured Notes due 2039 (the “3.52% CCH Senior Secured Notes”) (2) 769  Cheniere  — 2028 Cheniere Senior Secured Notes (3) 2,000  Cheniere  — Cheniere Term Loan Facility 2,323  Cheniere  — Cheniere Revolving Credit Facility 455  Year Ended December 31, 2020 total $ 7,547  Repayments, Redemptions and Repurchases Amount Repaid/Redeemed/Repurchased SPL  — 5.625% Senior Secured Notes due 2021 (the “2021 SPL Senior Notes”) (1) $ (2,000) CCH HoldCo II  — 2025 CCH HoldCo II Convertible Senior Notes (3) (1,578) CCH  — CCH Credit Facility (2) (656) Cheniere  — 2021 Cheniere Convertible Unsecured Notes (3) (844) Cheniere  — Cheniere Term Loan Facility (3) (2,175) Cheniere  — Cheniere Revolving Credit Facility (455) Year Ended December 31, 2020 total $ (7,708)