Cheniere to Offer 8M Units
Cheniere Energy Partners, L.P. (NYSE: CQP) announced today that it is launching an offering for 8,000,000 of its common units representing limited partner interests in an underwritten public offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters, including Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup, Deutsche Bank Securities, J.P. Morgan Securities LLC, and RBC Capital Markets, will have a 30-day option to purchase up to an aggregate of 1,200,000 additional common units from Cheniere Partners to cover any over-allotments. The Company intends to use the net proceeds from the offering to repay a portion of the $550 million principal amount outstanding of the 7.25% Senior Secured Notes due November 2013 issued by Sabine Pass LNG, L.P., which is our wholly owned subsidiary, and, to the extent not so used, for general business purposes.
A shelf registration statement (including a prospectus) relating to the offering of the common units has previously been filed with the U.S. Securities and Exchange Commission (the "Securities and Exchange Commission") and has become effective. Before investing, you should read the preliminary prospectus supplement and other documents filed with the Securities and Exchange Commission for information about Cheniere Partners and this offering.
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