- Cheniere Holdings issued 36 million shares of stock it its IPO, at a price of $20 a share.
- The amount of stock issued was boosted from 30 million when the IPO pricing was announced Thursday night.
- Underwriters have a 30-day option on an additional 5.4 million shares.
Cheniere Holdings’ sole purpose is to be a repository for the Cheniere Energy Inc.’s (NYSEMKT: LNG) holdings in Cheniere Energy Partners L.P. (NYSEMKT: CQP). Cheniere Energy ultimately will receive all the proceeds from the IPO.
Cheniere will ultimately receive the net proceeds from the initial public offering 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 it receives from Holdings for the development of its existing assets, future projects and general corporate purposes.
Goldman, Sachs & Co., Morgan Stanley, Credit Suisse and RBC Capital Markets are the joint book-running managers for the offering. In addition, Barclays, Citigroup, J.P. Morgan, Societe Generale, Mitsubishi UFJ Securities, Mizuho Securities, Scotiabank / Howard Weil, HSBC, Banca IMI and SMBC Nikko are acting as the co-managers in the transaction. The offering of common shares will be made only by means of a prospectus.
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