Cheniere Closes IPO of Cheniere Energy Partners
Cheniere Energy, Inc. on Monday announced the completion of the initial public offering of 13,500,000 common units representing limited partner interests in Cheniere Energy Partners, L.P. at a price of $21 per common unit.
Of the 13,500,000 common units sold, Cheniere Energy Partners sold 5,054,164 units and Cheniere LNG Holdings, LLC, a wholly owned subsidiary of Cheniere ("Holdings"), sold 8,445,836 units. Holdings has also granted the underwriters a 30-day option to purchase up to an additional 2,025,000 common units at the same price to cover over-allotments.
Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC acted as joint book-running managers and representatives of the underwriters. In addition, RBC Capital Markets Corporation, Sanders Morris Harris Inc., Stifel, Nicolaus & Company, Incorporated, Howard Weil Incorporated, Pritchard Capital Partners LLC and FIG Partners, LLC Energy Capital Group acted as co-managers for the offering.
The offering was made only by means of a prospectus, copies of which may be obtained by contacting Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, N.Y. 11220 (tel.: 718-765-6732); Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, 4th Floor, New York, New York 10080 (tel.: 212-449-1000); Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, New York 10010 (tel.: 800-221-1037); or from any of the underwriters.
Cheniere Energy Partners, L.P. is a limited partnership recently formed by Cheniere Energy, Inc. Through a wholly-owned subsidiary, Cheniere Energy Partners will develop, own and operate the Sabine Pass LNG receiving terminal currently under construction in western Cameron Parish, Louisiana on the Sabine Pass Channel.
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