USA: Cheniere Raises USD 352 Million

Cheniere Raises USD 352 Million

Cheniere Energy announced today the closing of its previously announced underwritten public offering of 21,000,000 shares of common stock. 

The underwriter has exercised the full over-allotment option of 3,150,000 shares.  After giving effect to the exercise of the over-allotment option, the public offering consisted of 24,150,000 shares which were sold to the public at the price per share of $15.10, the company said in a statement.

The net proceeds of the offering, after deducting Cheniere’s estimated offering expenses, were approximately $351.9 million.  Cheniere intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness.

LNG World News Staff, March 19, 2012

 

Share this article

Follow LNG World News