Cheniere Energy holding company plans $690M IPO


Cheniere Energy (LNG) will attempt to raise $690M through the IPO of a holding company, according to SEC filings.

Cheniere Energy Partners LP Holdings, which expects to trade on the NYSE under the symbol CQH, will exist only to hold a 55.9% stake in Cheniere Energy Partners (CQP), an MLP that owns regasification facilities at its Sabine Pass liquefied natural gas terminal in Louisiana.

The holding company will allow Cheniere to segregate lower-risk, stable assets from higher-risk, early-stage projects, the filing says.

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Comments (6)
  • rlp2451
    , contributor
    Comments (9387) | Send Message
     
    What will they think of next?
    23 Sep 2013, 08:01 AM Reply Like
  • billybogg
    , contributor
    Comments (4) | Send Message
     
    Shouldn't current stock holders get a distribution?
    23 Sep 2013, 08:51 AM Reply Like
  • rlp2451
    , contributor
    Comments (9387) | Send Message
     
    They'll get the regular distribution of .425. This is issuing additional shares, not a spinoff.
    23 Sep 2013, 08:54 AM Reply Like
  • Thinking DNA
    , contributor
    Comments (55) | Send Message
     
    rlp,
    Based on which shares will the distribution be based on; LNG or CQP?

     

    What if you own both?
    23 Sep 2013, 11:27 AM Reply Like
  • rlp2451
    , contributor
    Comments (9387) | Send Message
     
    LNG doesn't pay a dividend; so by default it will be based on CQP's distribution, and is spelled out in the S-1 filing.
    23 Sep 2013, 11:40 AM Reply Like
  • jpmj4847
    , contributor
    Comments (566) | Send Message
     
    Yes, rip2452 spelled out in the filing, but always been brewing on the back burner....not what will they think of next, but who will put in their thump and pull out the $herry,,,,,jpmj4847
    23 Sep 2013, 09:21 PM Reply Like
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