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.
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LNG World News Staff, December 20, 2011