Cheniere Energy (LNG) Prices 24% Larger Common Offering at $15.10/Share
Get Alerts LNG Hot Sheet
Join SI Premium – FREE
Cheniere Energy, Inc. (AMEX: LNG) announced today the pricing of its previously announced offering of its common stock at a price per share of $15.10. The size of the offering has been upsized from 17,000,000 shares to 21,000,000 shares.
Cheniere has also granted the underwriter a 30-day option to purchase up to an aggregate of 3,150,000 additional common shares to cover any over-allotments. The offering is expected to close and settle on March 19, 2012. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness. Credit Suisse Securities (USA) LLC is serving as the underwriter in the offering.
Cheniere has also granted the underwriter a 30-day option to purchase up to an aggregate of 3,150,000 additional common shares to cover any over-allotments. The offering is expected to close and settle on March 19, 2012. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of indebtedness. Credit Suisse Securities (USA) LLC is serving as the underwriter in the offering.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bristol-Myers Squibb (BMY) stock slips despite earnings beat
- Immunome Inc. (IMNM) Appoints Sandra M. Swain to its Board
- GrowGeneration Corp. (GRWG) Announces Change to Board of Directors
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsRelated Entities
Credit SuisseSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!