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Cheniere Energy postpones $500 million 10-year notes offer, cites market conditions
By Paul A. Harris
St. Louis, April 19 - Cheniere Energy Inc. postponed its $500 million offering of 10-year senior notes (B3/B+) on Tuesday due to market conditions, according to a market source.
Price talk in the 8¾% area had surfaced late in the April 11 week.
JP Morgan and Credit Suisse First Boston were joint bookrunners.
Proceeds were to be used to fund a three-year interest reserve as well as for capital expenditures and for general corporate purposes.
Cheniere is a Houston-based provider of liquified natural gas services.
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