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Cheniere Energy Partners Launches Public Offering Of 8 Mln Units

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Cheniere Energy Partners, L.P. (CQP) said Wednesday that it is launching an offering for 8 million of its common units representing limited partner interests in an underwritten public offering.

The underwriters, including Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup, Deutsche Bank Securities, J.P. Morgan Securities LLC, and RBC Capital Markets, will have a 30-day option to purchase up to an aggregate of 1.2 million additional common units from Cheniere Partners to cover any over-allotments.

The company said it plans 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 issued by its subsidiary Sabine Pass LNG, L.P., and, to the extent not so used, for general business purposes.

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