HOUSTON, Nov. 13, 2014 /PRNewswire/ -- Cheniere
Energy Partners LP Holdings, LLC, ("Cheniere Partners Holdings")
(NYSE MKT: CQH) announced today that it has agreed to sell
10,100,000 of its common shares in an underwritten public offering
pursuant to an effective registration statement. Cheniere Partners
Holdings intends to use the net proceeds from the offering to
redeem from Cheniere Energy, Inc. (NYSE MKT: LNG) ("Cheniere") a
number of our shares held by Cheniere equal to the number of shares
offered and sold in the offering, at a price per share equal to the
net proceeds (after deducting underwriting discounts and offering
expenses) per share in this offering. After giving effect to
the consummation of the offering and the application of the net
proceeds therefrom, Cheniere will hold 80.1% of our outstanding
shares.
A registration statement (including a prospectus) relating to
the offering of the common shares has been filed with the U.S.
Securities and Exchange Commission (the "SEC") and has become
effective. Investors should read the prospectus contained in the
registration statement prior to investing.
Credit Suisse Securities (USA)
LLC is serving as the sole underwriter in the offering.
When available, copies of the written prospectus for the
offering may be obtained from Credit Suisse Securities
(USA) LLC, Prospectus Department
(1-800-221-1037), at One Madison Avenue, New York, New York 10010.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale of these securities would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
Cheniere Partners Holdings owns a 55.9% limited partner interest
in Cheniere Energy Partners, L.P. (NYSE MKT: CQP) ("Cheniere
Partners"), a publicly-traded limited partnership. Cheniere
Partners Holdings' only business consists of owning limited partner
units of Cheniere Partners, and, accordingly, its results of
operations and financial condition are dependent on the performance
of Cheniere Partners. Cheniere Partners owns and operates liquefied
natural gas ("LNG") regasification facilities and, adjacent to
these facilities, currently has natural gas liquefaction facilities
under construction. Additional information is available on its
website www.cheniere.com.
This press release contains certain statements that may include
"forward-looking statements." All statements, other than statements
of historical facts, included herein are "forward-looking
statements." Included among "forward-looking statements" are, among
other things, (i) statements regarding Cheniere's, Cheniere
Partners Holdings' and Cheniere Partners' business strategy, plans
and objectives, including the use of proceeds from the offering and
the construction and operation of liquefaction facilities, (ii)
statements regarding Cheniere Partners' expectations regarding
regulatory authorizations and approvals, (iii) statements
expressing beliefs and expectations regarding the development of
Cheniere Partners' LNG terminal and liquefaction business, (iv)
statements regarding the business operations and prospects of third
parties, (v) statements regarding potential financing arrangements
and (vi) statements regarding future discussions and entry into
contracts. Although Cheniere Partners Holdings believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Cheniere Partners
Holdings' actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in Cheniere Partners
Holdings' periodic reports that are filed with and available from
the SEC. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Other than as required under the securities laws,
Cheniere Partners Holdings does not assume a duty to update these
forward-looking statements.
CONTACTS:
Investors: Randy Bhatia:
713-375-5479, Christina Burke:
713-375-5104
Media: Faith Parker:
713-375-5663
SOURCE Cheniere Energy Partners LP Holdings, LLC