Cheniere Energy announced that one of its wholly owned subsidiaries, Cheniere Energy Partners LP Holdings, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to its proposed initial public offering of common shares.
Holdings’ only business will consist of owning limited partner units of Cheniere Energy Partners, currently owned by Cheniere.
Cheniere will ultimately receive the net proceeds from the initial public offering of common shares by Holdings as a result of the repayment of indebtedness owed by Holdings to Cheniere and the payment of a distribution to Cheniere.
Cheniere intends to use the cash that it receives from Holdings for the development of its existing assets, future projects and general corporate purposes.
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LNG World News Staff, September 23, 2013