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Last updated on April 24, 2014 at 14:17 EDT

Cheniere Announces Filing of Registration Statement for Cheniere Energy Partners LP Holdings IPO

September 20, 2013

HOUSTON, Sept. 20, 2013 /PRNewswire/ — Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) announced today that one of its wholly owned subsidiaries, Cheniere Energy Partners LP Holdings, LLC (“Holdings”), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to its proposed initial public offering of common shares. Holdings’ only business will consist of owning limited partner units of Cheniere Energy Partners, L.P. (NYSE MKT: CQP) (“Cheniere Partners”) currently owned by Cheniere.

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Cheniere will ultimately receive the net proceeds from the initial public offering of common shares by Holdings 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 that it receives from Holdings for the development of its existing assets, future projects and general corporate purposes.

Goldman, Sachs & Co. and Morgan Stanley & Co. LLC will act as the joint book-running managers for the proposed offering. The offering of common shares will be made only by means of a prospectus. When available, a written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through: Goldman, Sachs & Co, Attn: Prospectus Department, 200 West Street, New York, NY 10282, E-mail: prospectus-ny@ny.email.gs.com, Telephone: 866-471-2526, Facsimile: 212-902-9316, or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2(nd) Floor, New York, NY 10014.

A registration statement relating to the securities described in this news release has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Petrie Partners Securities, LLC will serve as financial advisor to Cheniere on the proposed offering.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements”. All statements, other than statements of historical facts, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding the proposed initial public offering of common shares of Holdings, the business of Holdings, the anticipated use of cash expected to be received from Holdings and Cheniere’s business strategy, plans and objectives. The ultimate consummation of the offering will depend on, among other things, market conditions and the plans, strategies, objectives and anticipated financial and operational results of Cheniere. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

SOURCE Cheniere Energy, Inc.


Source: PR Newswire