Key Developments: Cheniere Energy Inc (LNG)
29.47USD
24 May 2013
$-0.45 (-1.50%)
$29.92
$29.82
$29.88
$29.05
3,061,194
4,159,228
$31.52
$10.51
Latest Key Developments (Source: Significant Developments)
Cheniere Energy Inc Closing Of Public Offering Of Common Stock
Cheniere Energy Inc announced the closing of its previously announced underwritten public offering of common stock. The size of the offering had been increased from the previously announced 20,000,000 shares of common stock to 28,000,000 shares, which were sold to the public at a price per share of $14.05. The net proceeds of the offering, after deducting underwriting discounts and estimated offering expenses, were approximately $380.3 million. Cheniere intends to use the net proceeds from the offering, along with available cash, to repay the $204.6 million principal amount outstanding of the 2.25% convertible notes due August 1, 2012, for capital expenditures on the Creole Trail Pipeline and for general corporate purposes. The offering was made pursuant to an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (the Securities and Exchange Commission). Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC served as representatives to the underwriters in the offering. Full Article
Cheniere Energy Inc Announces Upsizing And Pricing Of Public Offering Of Common Stock
Cheniere Energy Inc announced the pricing of its previously announced offering of its common stock at a price per share of $14.05. The size of the offering has been upsized from 20,000,000 shares to 28,000,000 shares. Cheniere has also granted the underwriters a 30-day option to purchase up to an aggregate of 4,200,000 additional common shares to cover any over-allotments. The offering is expected to close and settle on July 20, 2012. The Company intends to use the net proceeds from the offering to repay the $204.6 million principal amount outstanding of the 2.25% convertible notes due August 1, 2012, for capital expenditures on the Creole Trail Pipeline and for general corporate purposes. Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are serving as representatives to the underwriters in the offering. Full Article
Cheniere Energy Inc Announces Public Offering Of Common Stock
Cheniere Energy Inc announced that it has agreed to sell 20,000,000 shares of its common stock in an underwritten public offering under an effective shelf registration statement. The underwriters will have a 30-day option to purchase up to an aggregate of 3,000,000 additional shares of common stock from Cheniere to cover any over-allotments. The Company intends to use the net proceeds from the offering to repay the $204.6 million principal amount outstanding of the 2.25% convertible notes due August 1, 2012, for capital expenditures on the Creole Trail Pipeline and for general corporate purposes. Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are serving as the underwriters in the offering. Full Article
Cheniere Energy Inc Announces Registered Direct Offering Of Common Stock
Cheniere Energy Inc announced that it has entered into a definitive agreement with institutional investors to sell 31,000,000 shares of its common stock at a negotiated price per share of $15.10. The offering is expected to close and settle on May 10, 2012. The Company intends to use the net proceeds from the offering of approximately $467.9 million to invest in Cheniere Energy Partners, L.P. (Cheniere Partners) in exchange for equity securities anticipated to be issued in connection with the financing of Cheniere Partners' proposed Sabine Pass liquefaction project. A shelf registration statement (including a prospectus) relating to the offering of the common stock has been filed with the U.S. Securities and Exchange Commission and has become effective. Full Article
Cheniere Energy Inc Announces Upsizing And Pricing Of Public Offering Of Common Stock
Cheniere Energy Inc announced the pricing of its previously announced offering of its common stock at a price per share of $15.10. The size of the offering has been upsized from 17,000,000 shares to 21,000,000 shares. Cheniere has also granted the underwriter a 30-day option to purchase up to an aggregate of 3,150,000 additional common shares to cover any over-allotments. The offering is expected to close and settle on March 19, 2012. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness. Credit Suisse Securities (USA) LLC is serving as the underwriter in the offering. Full Article
Cheniere Energy Inc Announces Public Offering Of Common Stock
Cheniere Energy Inc announced that it has agreed to sell 17,000,000 shares of its common stock in an underwritten public offering under an effective shelf registration statement. The underwriter will have a 30-day option to purchase up to an aggregate of 2,550,000 additional shares of common stock from Cheniere to cover any over-allotments. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness. Credit Suisse Securities (USA) LLC is serving as the underwriter in the offering. Full Article
Cheniere Energy Inc. Announces Closing of Public Offering of Common Stock and Exercise of Over-Allotment
Cheniere Energy, Inc. announced the closing of its previously announced underwritten public offering of 36,300,000 shares of common stock. The underwriter has exercised the full over-allotment option of 5,445,000 shares. After giving effect to the exercise of the over-allotment option, the public offering consisted of 41,745,000 shares which were sold to the public at the price per share of $8.35. The net proceeds of the offering, after deducting Cheniere's estimated offering expenses, were approximately $330.9 million. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness. The offering was made pursuant to an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (Securities and Exchange Commission). Credit Suisse Securities (USA) LLC served as the underwriter in the offering. Full Article
Cheniere Energy Inc. Announces Pricing Of Public Offering Of Common Stock
Cheniere Energy Inc. announced the pricing of its previously announced offering of 36,300,000 shares of its common stock at a price per share of $8.35. The underwriter will have a 30-day option to purchase up to an aggregate of 5,445,000 additional common shares from Cheniere to cover any over-allotments. The offering is expected to close and settle on December 19, 2011. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness. Full Article
Cheniere Energy Inc. Announces Public Offering Of Common Stock
Cheniere Energy Inc. announced that it has agreed to sell 33,000,000 shares of its common stock in an underwritten public offering under an effective shelf registration statement. The underwriter will have a 30-day option to purchase up to an aggregate of 4,950,000 additional common shares from Cheniere to cover any over-allotments. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness. Full Article
Gas Natural SDG SA Signs 20-Year LNG Supply Contract With Cheniere Energy Inc-DJ
Dow Jones reported that Gas Natural SDG SA (Gas Natural) has signed a supply contract with Cheniere Energy Inc (Cheniere), under which Gas Natural SDG SA will receive shipments of liquefied natural gas (LNG) over a 20-year period. Under the terms of the contract, Cheniere will supply close to 5 billion cubic meters a year of LNG, equivalent to 15% of the annual gas consumption in the Spanish market. The first shipment is due 2017. Other details were not disclosed. Full Article
Exclusive: UK's Centrica in talks to buy U.S. natural gas
LONDON/NEW YORK - Centrica is in talks with U.S. companies to secure Britain's first long-term liquefied natural gas (LNG) import deal, sources told Reuters, as prices at home surge and Middle East supply falters.
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