The underwriters are listed as Morgan Stanley & Co., Credit Suisse Securities, Citigroup, Deutsche Bank Securities, J.P. Morgan Securities and RBC Capital Markets. Cheniere is granting the syndicate a 30-day overallotment option to purchase up to 1,200,000 additional common units from Cheniere Partners to cover any overallotments.
As far as the use of proceeds, the partnership said that it intends to use the net proceeds from the offering to repay a portion of the $550 million principal amount outstanding of the 7.25% senior secured notes due November 2013, which were issued by its Sabine Pass LNG subsidiary. The partnership will use excess funds for general business purposes.
The units closed at $26.25 on Wednesday, and the 52-week trading range is $11.52 to $27.47. In the premarket session the units are indicated down under $25.00 per unit.
JON C. OGG
Contact [email protected] for any questions or corrections.
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