Cheniere Energy Partners, L.P.
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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in