Summary
Cheniere Energy, Inc. (LNG) announced a significant financing event through a registered direct offering, which closed on May 10, 2012. The company sold an aggregate of 31,000,000 shares of its common stock at a price of $15.10 per share to two institutional investors: Havelock Fund Investments Pte Ltd (indirectly owned by Temasek Holdings) and Greenwich Asset Holding Ltd (owned by RRJ Capital Master Fund I, L.P.). This transaction resulted in gross proceeds of approximately $468.1 million for Cheniere. Notably, the company did not utilize any placement agents or underwriters for this offering, suggesting a more direct and potentially cost-effective capital raise. The substantial capital infusion provides Cheniere with increased financial flexibility and resources, which is crucial for its ongoing operations and strategic initiatives within the energy sector.
Key Highlights
- 1Cheniere Energy (LNG) completed a registered direct offering of 31,000,000 shares of common stock.
- 2The offering price was $15.10 per share.
- 3Total gross proceeds raised amounted to approximately $468.1 million.
- 4The shares were purchased by Havelock Fund Investments Pte Ltd (part of Temasek Holdings) and Greenwich Asset Holding Ltd (part of RRJ Capital Master Fund I, L.P.).
- 5The transaction did not involve any placement agents or underwriters.
- 6The offering closed on May 10, 2012.