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