This excerpt taken from the LNG 10-Q filed May 8, 2009.
NOTE 17Subsequent Events
In April 2009, we reduced debt by exchanging $77.2 million aggregate principal amount of our Convertible Senior Unsecured Notes due August 2012 for a combination of $13.5 million cash and cash equivalents and 4.0 million common shares, reducing our principal amount due in 2012 to $247.8 million. As a result of the exchange, we will recognize a gain of $46.3 million that will be reported as gain on early extinguishment of debt in our Consolidated Statements of Operations in the second quarter of 2009.
This excerpt taken from the LNG 10-Q filed May 9, 2008.
NOTE 18Subsequent Events
On May 5, 2008, Cheniere Common Units Holding, LLC (Cheniere Common Units Holding), a newly formed wholly-owned subsidiary of Cheniere, entered into a Credit Agreement (the Bridge Loan) among Cheniere Common Units Holding, Credit Suisse, Cayman Islands Branch, as administrative agent, collateral agent and as a lender, and the several lenders from time to time party thereto, pursuant to which the lenders agreed to make a term loan of $95.0 million to Cheniere Common Units Holding. Borrowings under the Bridge Loan generally bear interest at a fixed rate of 16.458% per annum. Interest is calculated on the unpaid principal amount of the Bridge Loan and is payable quarterly in arrears on the earlier of the 46th day following the end of each calendar quarter, or the maturity date. The Bridge Loan will mature on November 5, 2009. The net proceeds from the Bridge Loan were $82.3 million and are being used for general corporate purposes and pipeline capital expenditures. The Bridge Loan is secured by a pledge of our 10,891,357 common units in Cheniere Partners and our equity interests in the entities that own our Creole Trail Pipeline.
This excerpt taken from the LNG 10-Q filed Aug 8, 2007.
NOTE 17Subsequent Events
In July 2007, we purchased approximately 3.2 million shares of our common stock for a cash price of $35.42 per share under the call options acquired in the issuer call spread purchased by us in connection with the issuance of the Convertible Senior Unsecured Notes. These purchases completed the acquisition of our common stock under the call options, bringing our total stock purchased to approximately 9.2 million shares with an aggregate purchase price of approximately $325.0 million.
This excerpt taken from the LNG 10-Q filed May 9, 2007.
NOTE 17Subsequent Events
On April 16, 2007, the underwriters of the Offering exercised their over-allotment option to purchase 2,025,000 additional common units, which resulted in net proceeds of approximately $39 million to Holdings as the selling unitholder, and reduced our overall ownership interest in Cheniere Partners to approximately 90.6%.
This excerpt taken from the LNG 10-K filed Feb 27, 2007.
NOTE 26SUBSEQUENT EVENTS
Amended Pipe Purchase Order
In January 2007, CCTP executed an amendment to the purchase order with ILVA, dated August 2006, for the purchase of approximately 180 miles of pipe at an original cost of approximately $176 million. CCTP exercised its right under the purchase order to terminate for convenience a portion of its original pipe order, and with the amendment has reduced the purchase order quantity to approximately 65 miles. As a result, the cost for the pipe was reduced to approximately $67 million. In addition, the letter of credit previously delivered to ILVA under the original purchase order was reduced from $87.9 million to $4.1 million, and as a result, $83.8 million of restricted cash at December 31, 2006 is now unrestricted.
CHENIERE ENERGY, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued)
Pipe Coating Purchase Order
In January 2007, CCTP executed a purchase order which was subsequently accepted by The Bayou Companies for external application of concrete weight coating to approximately 43 miles of pipe furnished by CCTP. Significant portions of the Creole Trail pipeline system are expected to cross predominantly marsh and marine environments, necessitating the use of external concrete weighting on the pipeline in order to prevent the pipe from floating. The estimated cost of this purchase order is approximately $22 million. CCTP has the right to terminate the purchase order for its convenience subject to payment for items provided or services performed prior to termination.
Pipeline Construction Agreements
In January 2007, CCTP executed an EPC agreement with Sunland Construction, Inc. to construct the approximately 23 miles of Phase 1 of the Creole Trail pipeline system in Louisiana, originating in Cameron Parish on the west shore of Calcasiu Pass and traversing Lake Calcasieu to the project terminus on the north lakeshore in Calcasiu Parish. The contract price is currently estimated to be $70.1 million.
In January 2007, CCTP executed an EPC agreement with Sheehan Pipe Line Construction Company to construct the approximately 36 miles of Phase 1 of the Creole Trail pipeline system in Louisiana, originating on the north shore of Lake Calcasieu in Calcasieu Parish and extending northeasterly to the project terminus in Beauregard Parish. The contract price is currently estimated to be $65.6 million.
This excerpt taken from the LNG 8-K filed Oct 30, 2006.
NOTE K SUBSEQUENT EVENTS
As of October 25, 2006, $383,400,000 had been drawn under the Amended Sabine Pass Credit Facility.