Private Equity | LNG Projects | Capital Markets | Private Equity Activity
Cheniere Energy Sells Blackstone Equity At 40% Discount
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Cheniere Energy Partners LP agreed to sell $1.5 billion in stock to investors affiliated with Blackstone Group LP at a discount in its continued aggressive effort to raise funds for construction of a natural-gas-export facility in Louisiana.
Investment funds managed by Blackstone Energy Partners LP and Blackstone Capital Partners VI LP have agreed to buy 100 million units for $15 each, a 40% discount to the oil-and-gas company's Monday closing price.
The investment is in addition to a previously announced agreement by affiliated company Cheniere Energy Inc. to buy $500 million in Cheniere Energy Partners' stock, a deal it has financed by selling equity to Singapore state-investment firm Temasek Holdings and private-equity firm RRJ Capital.
Cheniere, has received federal approval to…
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