Cheniere Energy Inc. (LNG: Quote), a Houston-based energy company, has reached a definitive deal with institutional investors to sell 31.0 million common shares at a negotiated price per share of $15.10. The offering may close and settle on May 10, 2012.
The company plans to use the net proceeds from the offering of around $467.9 million to invest in Cheniere Energy Partners L.P. in exchange for equity securities anticipated to be issued in association with the financing of Cheniere Partners' proposed Sabine Pass liquefaction project.
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by RTT Staff Writer
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