Cheniere to sell 17M shares

Written by  John McKay
Wednesday, 14 March 2012
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March 14 (LNGJ) - Cheniere Energy, developer of the US LNG export project at Sabine Pass, Louisiana, said it had agreed to sell 17 million shares of its common stock in an underwritten public offering. The underwriter will have a 30-day option to purchase up to 2.55m additional shares to cover any higher demand. Cheniere said it would use the proceeds from the share sale for general corporate purposes and to pay down debts. Credit Suisse Securities (USA) is serving as the underwriter of the share sale, Cheniere said.

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