Cheniere Energy announced that it has agreed to sell 17,000,000 shares of its common stock in an underwritten public offering under an effective shelf registration statement.
The underwriter will have a 30-day option to purchase up to an aggregate of 2,550,000 additional shares of common stock from Cheniere to cover any over-allotments, Cheniere said in a statement.
The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness.
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LNG World News Staff, March 14, 2012; Image: Cheniere