Cheniere Announces Filing of Registration Statement for Cheniere Energy
Partners LP Holdings IPO
HOUSTON, Sept. 20, 2013
HOUSTON, Sept.20,2013 /PRNewswire/ --Cheniere Energy, Inc. ("Cheniere")
(NYSE MKT: LNG) announced today that one of its wholly owned subsidiaries,
Cheniere Energy Partners LP Holdings, LLC ("Holdings"), has filed a
registration statement on Form S-1 with the U.S. Securities and Exchange
Commission ("SEC") relating to its proposed initial public offering of common
shares. Holdings' only business will consist of owning limited partner units
of Cheniere Energy Partners, L.P. (NYSE MKT: CQP) ("Cheniere Partners")
currently owned by Cheniere.
Cheniere will ultimately receive the net proceeds from the initial public
offering of common shares by Holdings as a result of the repayment of
indebtedness owed by Holdings to Cheniere and the payment of a distribution to
Cheniere. Cheniere intends to use the cash that it receives from Holdings for
the development of its existing assets, future projects and general corporate
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC will act as the joint
book-running managers for the proposed offering. The offering of common shares
will be made only by means of a prospectus. When available, a written
prospectus, which meets the requirements of Section 10 of the Securities Act
of 1933, may be obtained through: Goldman, Sachs & Co, Attn: Prospectus
Department, 200 West Street, New York, NY 10282, E-mail:
email@example.com, Telephone: 866-471-2526, Facsimile:
212-902-9316, or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180
Varick Street, 2^nd Floor, New York, NY 10014.
A registration statement relating to the securities described in this news
release has been filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. 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 state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
Petrie Partners Securities, LLC will serve as financial advisor to Cheniere on
the proposed offering.
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, statements
regarding the proposed initial public offering of common shares of Holdings,
the business of Holdings, the anticipated use of cash expected to be received
from Holdings and Cheniere's business strategy, plans and objectives. The
ultimate consummation of the offering will depend on, among other things,
market conditions and the plans, strategies, objectives and anticipated
financial and operational results of Cheniere. Although Cheniere 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's 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's periodic reports
that are filed with and available from the Securities and Exchange Commission.
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 does not assume a duty to update these
SOURCE Cheniere Energy, Inc.
Contact: Investors: Christina Burke: 713-375-5104, Nancy Bui: 713-375-5280,
Media: Diane Haggard: 713-375-5259
Press spacebar to pause and continue. Press esc to stop.