Cheniere Energy Partners LP Holdings, LLC Announces Public Offering of Common Shares
HOUSTON, Nov. 13, 2014 /PRNewswire/ -- Cheniere Energy Partners LP Holdings, LLC, ("Cheniere Partners Holdings") (NYSE MKT: CQH) announced today that it has agreed to sell 10,100,000 of its common shares in an underwritten public offering pursuant to an effective registration statement. Cheniere Partners Holdings intends to use the net proceeds from the offering to redeem from Cheniere Energy, Inc. (NYSE MKT: LNG) ("Cheniere") a number of our shares held by Cheniere equal to the number of shares offered and sold in the offering, at a price per share equal to the net proceeds (after deducting underwriting discounts and offering expenses) per share in this offering. After giving effect to the consummation of the offering and the application of the net proceeds therefrom, Cheniere will hold 80.1% of our outstanding shares.
A registration statement (including a prospectus) relating to the offering of the common shares has been filed with the U.S. Securities and Exchange Commission (the "SEC") and has become effective. Investors should read the prospectus contained in the registration statement prior to investing.
Credit Suisse Securities (USA) LLC is serving as the sole underwriter in the offering.
When available, copies of the written prospectus for the offering may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department (1-800-221-1037), at One Madison Avenue, New York, New York 10010.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Cheniere Partners Holdings owns a 55.9% limited partner interest in Cheniere Energy Partners, L.P. (NYSE MKT: CQP) ("Cheniere Partners"), a publicly-traded limited partnership. Cheniere Partners Holdings' only business consists of owning limited partner units of Cheniere Partners, and, accordingly, its results of operations and financial condition are dependent on the performance of Cheniere Partners. Cheniere Partners owns and operates liquefied natural gas ("LNG") regasification facilities and, adjacent to these facilities, currently has natural gas liquefaction facilities under construction. Additional information is available on its website www.cheniere.com.
This press release contains certain statements that may include "forward-looking statements." All statements, other than statements of historical facts, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, (i) statements regarding Cheniere's, Cheniere Partners Holdings' and Cheniere Partners' business strategy, plans and objectives, including the use of proceeds from the offering and the construction and operation of liquefaction facilities, (ii) statements regarding Cheniere Partners' expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere Partners' LNG terminal and liquefaction business, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements and (vi) statements regarding future discussions and entry into contracts. Although Cheniere Partners Holdings 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. Cheniere Partners Holdings' actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners Holdings' periodic reports that are filed with and available from the SEC. 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 Partners Holdings does not assume a duty to update these forward-looking statements.
CONTACTS:
Investors: Randy Bhatia: 713-375-5479, Christina Burke: 713-375-5104
Media: Faith Parker: 713-375-5663
SOURCE Cheniere Energy Partners LP Holdings, LLC
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