Printer Friendly
The Free Library
19,604,538 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Cheniere Energy Announces Closing of Initial Public Offering of Cheniere Energy Partners, L.P.


HOUSTON -- Cheniere Energy, Inc. (AMEX AMEX

See: American Stock Exchange
:LNG LNG (liquefied natural gas): see under natural gas. ) ("Cheniere") announced today the completion of the initial public offering of 13,500,000 common units representing limited partner interests in Cheniere Energy Partners, L.P. ("Cheniere Energy Partners") 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 (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, 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 Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Pierce, Fenner & Smith Incorporated and Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG.  Securities (USA) LLC acted as joint book-running managers and representatives of the underwriters. In addition, RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers
Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
  • Canada: RBC Dominion Securities Inc
 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 The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 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, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, New York 10080 (tel.: 212-449-1000); Credit Suisse Securities (USA) LLC, One Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , New York, New York 10010 (tel.: 800-221-1037); or from any of the underwriters.

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.

About Cheniere Energy Partners, L.P.

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 Cameron Parish (French: Paroisse de Cameron) is the parish with the most land area in the U.S. state of Louisiana. The parish seat is Cameron and as of 2000, the population is 9,991. It is part of the Lake Charles Metropolitan Statistical Area.  on the Sabine Pass Channel. For more information, please visit www.cheniereenergypartners.com.

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, statements regarding the business strategy, plans and objectives of Cheniere or Cheniere Energy Partners. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The actual results for Cheniere or Cheniere Energy Partners could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including market conditions and other risks typically associated with securities offerings. In particular, the forward-looking statements of Cheniere or Cheniere Energy Partners are subject to the risks and uncertainties discussed in Cheniere's periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 26, 2007
Words:548
Previous Article:Erimos Pharmaceuticals Announces Phase I/Phase II Study of Terameprocol (EM-1421) In Conjunction with New Approaches to Brain Tumor Therapy (NABTT)...
Next Article:NanoBusiness 2007 Announces Keynotes from World-Renowned Investors Wilbur Ross and Josh Wolfe.
Topics:



Related Articles
Chevron Increases Capacity Reservation to 1 Bcf/d at Cheniere Energy's Sabine Pass LNG Receiving Terminal.
Cheniere Energy Receives Federal Energy Regulatory Commission Authorization to Commence Initial Construction on Corpus Christi LNG Receiving Terminal.
Cheniere Energy Receives Federal Energy Regulatory Commission Authorization for Sabine Pass LNG Receiving Terminal Expansion and for Creole Trail LNG...
Cheniere Energy Receives Federal Energy Regulatory Commission Authorization to Commence Construction on Sabine Pass LNG Receiving Terminal Expansion.
Cheniere Energy Closes $1.5 Billion Senior Secured Credit Facility; Awards Sabine Pass LNG Receiving Terminal Expansion Construction Contracts.
Cheniere Energy Announces Planned Public Offering and Filing of SEC Registration Statement by Cheniere Energy Partners, L.P.
Cheniere Announces Exercise of Over-Allotment Option on Cheniere Energy Partners, L.P. Initial Public Offering.
Cheniere Energy Reports First Quarter 2007 Results.
Cheniere Energy Partners Reports First Quarter 2007 Results.
Cheniere Energy Announces Pricing of Initial Public Offering of Cheniere Energy Partners, L.P.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles