Summary
Cheniere Energy, Inc. (LNG) reported on June 6, 2011, the successful closing of a significant underwritten offering of its common stock. The offering initially comprised 11,000,000 shares at a price of $9.75 per share to the underwriter, Credit Suisse Securities (USA) LLC. Furthermore, the underwriter exercised its option to purchase an additional 1,650,000 shares, bringing the total shares sold to 12,650,000. This capital raise, executed through a firm commitment underwriting, will provide Cheniere with additional funds to support its operations and strategic initiatives. The shares were registered under a Form S-3 registration statement, indicating compliance with SEC regulations for public offerings. This event signifies a positive development for the company, demonstrating investor confidence and providing enhanced financial flexibility.
Key Highlights
- 1Closed an underwritten offering of 11,000,000 shares of common stock at $9.75 per share.
- 2Underwriter exercised its over-allotment option, resulting in the sale of an additional 1,650,000 shares.
- 3Total shares sold in the offering amounted to 12,650,000.
- 4The offering was conducted as a firm commitment underwritten offering through Credit Suisse Securities (USA) LLC.
- 5The shares were registered under Form S-3 (Registration No. 333-166328) and a related final prospectus was filed.
- 6The company has agreed to indemnify the underwriter against certain liabilities.