HOUSTON ,
Nov. 14, 2014
/PRNewswire/ -- Cheniere Energy Partners LP Holdings,
LLC ("Cheniere Partners Holdings") (NYSE MKT: CQH) announced today
the pricing of its previously announced offering of 10,100,000
shares at a price per share of $23.25. The offering is expected to close and
settle on November 18, 2014.
Cheniere Partners Holdings intends to use the net proceeds of
approximately $230 million to redeem
from Cheniere Energy, Inc. (NYSE MKT: LNG) ("Cheniere") a number of
our common shares held by Cheniere equal to the number of common
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 common 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