Cheniere Energy has launched a plan to raise cash to boost its holding in its terminal operating spin-off.
The New York-listed company is issuing 31 million new shares to institutional investors for $15.10 apiece.
The offering is expected to bag net proceeds of nearly $468 million, which Houston-based terminal developer will use to buy up shares in spin-off Cheniere Energy Partners.
Cheniere Partners is the 100% owner of Sabine Pass LNG, a Louisiana import terminal where the company plans to build four liquefaction trains.
