USA: Cheniere Nets USD 331 Million from Public Offering

Cheniere Energy, Inc. announced the closing of its previously announced underwritten public offering of 36,300,000 shares of common stock. 

The underwriter has exercised the full over-allotment option of 5,445,000 shares.  After giving effect to the exercise of the over-allotment option, the public offering consisted of 41,745,000 shares which were sold to the public at the price per share of $8.35.

The net proceeds of the offering, after deducting Cheniere’s estimated offering expenses, were approximately $330.9 million.  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, December 20, 2011