Cheniere Energy Closes 8 Mln Share Offering; Stock Slips 3.5%

By Staff,

Shutterstock photo

Cheniere Energy Partners, L.P. ( CQP ) announced the closing of its previously announced underwritten public offering of common units representing limited partner interests of Cheniere Partners.

The previously announced 8 million common units were sold to the public at a price of $25.07 per unit. The net proceeds of the offering, after deducting underwriting discounts and estimated offering expenses, were approximately $194.0 million.

Cheniere Partners 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 that was issued by Sabine Pass LNG, L.P., our wholly owned subsidiary, and, to the extent not so used, for general business purposes.

CQP shares are down 3.5% to under $23, but above a day low $22.65.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CQP

More from MT Newswires


MT Newswires

MT Newswires

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by