S&C Advises Cheniere Energy in Proposal to Acquire Cheniere Partners Holdings

September 29, 2016

S&C advised Cheniere Energy in its proposal to the board of directors of Cheniere Energy Partners to acquire the publicly held shares of Cheniere Partners Holdings in a stock for stock exchange valuing Cheniere Energy Partners at $5.1 billion.

Cheniere is a Houston-based energy company primarily engaged in LNG-related businesses, which owns and operates the Sabine Pass LNG terminal and the Creole Trail Pipeline in Louisiana. Through one of its other subsidiaries, Cheniere Energy Partners, L.P., Cheniere is developing liquefaction projects at the Sabine Pass LNG terminal and near Corpus Christi, Texas.

This most recent engagement marks a continuation of S&C's longstanding relationship with Cheniere. S&C recently advised Cheniere and its Board of Directors on their appointment of Jack A. Fusco as president and chief executive officer of Cheniere and its wholly owned subsidiary Cheniere Corpus Christi Holdings, LLC in its issuance of $1.25 billion aggregate principal amount of 7.000% senior notes due 2024.

The S&C corporate team representing Cheniere with respect to its proposed acquisition of CQH includes Messrs. Aquila and Veeraraghavan. Mr. Sinsheimer and Ms. Clarkin advised on securities law issues. Mr. Mason is advising on tax matters.