Cheniere Exercises Over-allotment Option on IPO
The underwriters of the Cheniere Energy Partners, L.P. initial public offering have exercised their over-allotment option for 2,025,000 common units, which resulted in net proceeds of approximately $39,400,000 to the selling unitholder, Cheniere LNG Holdings, LLC, a wholly owned subsidiary of Cheniere Energy, Inc.
On March 26, 2007, Cheniere Energy Partners, L.P. and Cheniere LNG Holdings, LLC sold 13,500,000 common units at $21.00 per unit. Citi, 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.
This announcement does not constitute an offer to sell, or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Cheniere Energy, Inc. is developing a network of three LNG receiving terminals and related natural gas pipelines along the Gulf Coast of the United States. The three terminals will have an aggregate send-out capacity of 9.9 billion cubic feet per day. Cheniere is pursuing related LNG business opportunities both upstream and downstream of the terminals. Cheniere is also the founder and holds a 30% limited partner interest in a fourth LNG receiving terminal.
Cheniere Energy Partners, L.P. owns 100 percent of the Sabine Pass LNG receiving terminal currently being constructed in western Cameron Parish, Louisiana on the Sabine Pass Channel.
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