What was the primary purpose of this filing?

The primary purpose of this filing was to report on an underwritten public offering of common shares of Cheniere Energy Partners LP Holdings, LLC and the subsequent redemption of those shares by Holdings from Cheniere Energy, Inc. It also confirms the closing date of the offering.

How much capital did Cheniere Energy, Inc. (through Holdings) raise from this offering?

Cheniere Energy Partners LP Holdings, LLC offered 10,100,000 common shares at a price to the underwriter of $22.76 per share. The net proceeds to Holdings from this offering, after deducting underwriting discounts and expenses, were approximately $229 million, which were then used to redeem the shares from Cheniere Energy, Inc.

Did Cheniere Energy, Inc. lose control of Cheniere Energy Partners LP Holdings, LLC as a result of this offering?

No, Cheniere Energy, Inc. maintained control. After the offering and redemption, Cheniere Energy, Inc. continued to own 185,600,000 common shares of Holdings, along with the sole voting share, ensuring its control over the management of Holdings.

What is the significance of the Share Redemption Agreement?

The Share Redemption Agreement is significant because it details how the capital raised from the public offering was used. Holdings effectively bought back the shares it sold to the public, with the proceeds flowing back to Cheniere Energy, Inc. This transaction structure allowed Cheniere to inject capital into its subsidiary while retaining full control.

LNG 8-K SEC Disclosure — Nov 19, 2014

Summary

This 8-K filing from Cheniere Energy, Inc. (LNG) dated November 19, 2014, details a significant transaction involving its subsidiary, Cheniere Energy Partners LP Holdings, LLC ("Holdings"). The company announced an underwritten public offering of 10,100,000 common shares of Holdings, with the offering closing on November 19, 2014. This transaction aims to raise capital through the sale of these shares on the public market. The proceeds from this offering are primarily utilized for a share redemption by Holdings from Cheniere Energy, Inc. Specifically, Holdings agreed to redeem the 10,100,000 common shares from Cheniere for approximately $229 million, which represents the net proceeds of the offering after expenses. This redemption structure ensures that Cheniere Energy, Inc. retains control over Holdings, as it will continue to own a substantial majority of the common shares and the sole voting share, thereby maintaining management control.

Key Highlights

1Cheniere Energy Partners LP Holdings, LLC (Holdings) completed a public offering of 10,100,000 common shares on November 19, 2014.
2The offering was underwritten by Credit Suisse Securities (USA) LLC.
3The gross proceeds from the offering were approximately $229 million before deducting underwriting discounts and offering expenses.
4Holdings redeemed all 10,100,000 common shares from Cheniere Energy, Inc. using the net proceeds from the offering.
5Cheniere Energy, Inc. maintains control over Holdings, owning 185,600,000 common shares and the sole voting share after the transaction.
6The transaction was registered under the Securities Act of 1934 via an effective registration statement on Form S-1.

Cheniere Energy, Inc. 8-K Report, Corporate Update (Nov 19, 2014)

Summary

Key Highlights

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