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Cheniere Announces 36M Share Cheniere Energy Partners LP Holdings IPO Priced at $20.00/Share

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Cheniere Energy (NYSE: LNG) announced today that one of its wholly owned subsidiaries, Cheniere Energy Partners LP Holdings, LLC (NYSE MKT: CQH) ("Holdings") has upsized and priced its previously announced initial public offering of common shares representing limited liability company interests in Holdings pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission ("SEC").  The size of the offering has been increased from the initially announced 30,000,000 common shares to 36,000,000 common shares at a price to the public of $20.00 per share. The shares are expected to begin trading on NYSE MKT on December 13, 2013 under the symbol "CQH".  In addition, the underwriters have been granted a 30-day option to purchase an additional 5,400,000 common shares. The offering is expected to close on December 18, 2013, subject to customary closing conditions.

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Cheniere will ultimately receive the net proceeds from the initial public offering as a result of the repayment of indebtedness owed by Holdings to Cheniere and the payment of a distribution to Cheniere. Cheniere intends to use the cash it receives from Holdings for the development of its existing assets, future projects and general

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Posted-In: News Guidance Asset Sales Management Global

 

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