Cheniere Energy Partners, L.P. (CQP: Quote) 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.
Click here to receive FREE breaking news email alerts for cheniere energy partners l.p. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News