Cheniere Energy Partners Prices 8M Units at $25.07
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE: CQP) announced today the pricing of its previously announced underwritten public offering of 8,000,000 common units representing limited partner interests of Cheniere Partners at a price of $25.07 per common unit. Underwriters of the public offering include Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup, Deutsche Bank Securities, J.P. Morgan Securities LLC, and RBC Capital Markets. Cheniere Partners has also granted the underwriters a 30-day option to purchase up to 1,200,000 additional common units to cover any over-allotments. Cheniere Partners intends to use the net proceeds for partial repayment of the 7.25% Senior Secured Notes due November 2013 that was issued by Sabine Pass LNG, L.P., our wholly owned subsidiary, and, to the extent not so used, for general business purposes. The closing of the offering is expected to occur on September 25, 2012.
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