Cheniere Energy (LNG) Whacked ~5% on Stock Offering
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Cheniere Energy, Inc. (NYSE: LNG) is trading down 4.6 percent following the announcement of a 20 million share common stock offering.
The company intends to use the net proceeds from the offering to repay the $204.6 million principal amount outstanding of the 2.25% convertible notes due August 1, 2012, for capital expenditures on the Creole Trail Pipeline and for general corporate purposes.
The company intends to use the net proceeds from the offering to repay the $204.6 million principal amount outstanding of the 2.25% convertible notes due August 1, 2012, for capital expenditures on the Creole Trail Pipeline and for general corporate purposes.
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