0001193125-20-205463.txt : 20200917 0001193125-20-205463.hdr.sgml : 20200917 20200731095159 ACCESSION NUMBER: 0001193125-20-205463 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200730 DATE AS OF CHANGE: 20200917 GROUP MEMBERS: CHENIERE ENERGY PARTNERS LP HOLDINGS, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Cheniere Energy Partners, L.P. CENTRAL INDEX KEY: 0001383650 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 205913059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82776 FILM NUMBER: 201064070 BUSINESS ADDRESS: STREET 1: 700 MILAM ST. STREET 2: SUITE 1900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (713) 375-5000 MAIL ADDRESS: STREET 1: 700 MILAM ST. STREET 2: SUITE 1900 CITY: HOUSTON STATE: TX ZIP: 77002 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Cheniere Energy, Inc. CENTRAL INDEX KEY: 0000003570 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 954352386 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 700 MILAM ST. STREET 2: SUITE 1900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7133755000 MAIL ADDRESS: STREET 1: 700 MILAM ST. STREET 2: SUITE 1900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: CHENIERE ENERGY INC DATE OF NAME CHANGE: 19960827 FORMER COMPANY: FORMER CONFORMED NAME: BEXY COMMUNICATIONS INC DATE OF NAME CHANGE: 19940314 FORMER COMPANY: FORMER CONFORMED NAME: ALL AMERICAN GROUP OF DELAWARE INC DATE OF NAME CHANGE: 19931004 SC 13D/A 1 d19167dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 11)*

 

 

CHENIERE ENERGY PARTNERS, L.P.

(Name of Issuer)

Common Units

(Title of Class of Securities)

16411Q101

(CUSIP Number)

Michael J. Wortley

Executive Vice President and Chief Financial Officer

Cheniere Energy Partners GP, LLC

700 Milam Street, Suite 1900

Houston, Texas 77002

713-375-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 28, 2020

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 16411Q101    SCHEDULE 13D    Page 2 of 6 Pages

 

  1   

NAME OF REPORTING PERSON

 

Cheniere Energy Partners LP Holdings, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

239,872,500 Common Units (1)

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

239,872,500 Common Units (1)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

239,872,500 Common Units (1)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

49.56% (2)

14  

TYPE OF REPORTING PERSON

 

OO

 

(1)

Includes 135,383,831 Common Units issuable to the Reporting Person upon conversion of Subordinated Units held directly by the Reporting Person.

(2)

This percentage is based on a total of 484,015,123 Common Units outstanding, which amount includes (i) 348,631,292 Common Units outstanding as of April 24, 2020, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed on April 30, 2020 and (ii) 135,383,831 Common Units issuable upon conversion of the Subordinated Units held directly by the Reporting Person.


CUSIP No. 16411Q101    SCHEDULE 13D    Page 3 of 6 Pages

 

  1   

NAME OF REPORTING PERSON

 

Cheniere Energy, Inc.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

     7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

239,872,500 Common Units (1)

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

239,872,500 Common Units (1)

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

 

239,872,500 Common Units (1)

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

49.56% (2)

14  

TYPE OF REPORTING PERSON

 

CO

 

(1)

Includes 135,383,831 Common Units issuable to the Reporting Person’s wholly-owned subsidiary upon conversion of Subordinated Units held directly by the Reporting Person’s wholly-owned subsidiary.

(2)

This percentage is based on a total of 484,015,123 Common Units outstanding, which amount includes (i) 348,631,292 Common Units outstanding as of April 24, 2020, as set forth in the Issuer’s Quarterly Report on Form 10-Q filed on April 30, 2020 and (ii) 135,383,831 Common Units issuable upon conversion of the Subordinated Units held directly by the Reporting Person’s wholly-owned subsidiary.


CUSIP No. 16411Q101    SCHEDULE 13D    Page 4 of 6 Pages

 

Explanatory Note

This Amendment No. 11 to Schedule 13D amends and supplements the information set forth in Amendment No. 8 to Schedule 13D filed by Cheniere Energy Partners LP Holdings, LLC and Cheniere Energy, Inc. with the United States Securities and Exchange Commission on May 16, 2016, which amended and restated in its entirety the Schedule 13D filed on February 14, 2008, as amended by Amendment No. 9 to Schedule 13D filed on August 12, 2016, and as amended by Amendment No. 10 to Schedule 13D filed on August 8, 2017 (the “Schedule 13D”).

Except as set forth herein, this Amendment No. 11 does not modify any of the information previously reported in the Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

 

Item 2.

IDENTITY AND BACKGROUND

Item 2(c), (d), and (e) is hereby amended and supplemented as follows:

(c) Certain information required by this Item 2 concerning the executive officers, directors and managers of certain of the Reporting Persons is set forth on Exhibit 99.3, attached hereto, which is incorporated herein by reference.

(d)-(e) None of the Reporting Persons nor, to the best of any Reporting Person’s knowledge, their respective executive officers or directors listed on Exhibit 99.3 hereto has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 4.

PURPOSE OF TRANSACTION

Item 4 is hereby amended and supplemented as follows:

On July 28, 2020, the Issuer announced that the board of directors of Cheniere Energy GP, LLC, the Issuer’s general partner (the “Board”), approved the regular quarterly distribution to the holders of the Issuer’s Common Units for the second quarter of 2020 in an amount of $0.645 per Common Unit, payable by the Issuer on August 14, 2020, to Common Unit holders of record as of August 7, 2020. Also on July 28, 2020, the Issuer announced that the Board confirmed that, upon payment of the distribution, the Issuer will have satisfied the financial conditions for the conversion of the Subordinated Units set forth in the Issuer’s Fourth Amended and Restated Agreement of Limited Partnership (the “Agreement”). As a result, pursuant to the terms of the Agreement, all of the outstanding Subordinated Units will convert into Common Units on a one-for-one basis on August 17, 2020, the first business day following the distribution (the “Conversion Date”), for no additional consideration. Upon the conversion of all of the Subordinated Units to Common Units, the Subordination Period (as defined in the Agreement) will automatically terminate.


CUSIP No. 16411Q101    SCHEDULE 13D    Page 5 of 6 Pages

 

CQP Holdings holds all 135,383,831 outstanding Subordinated Units. As of July 28, 2020, these Subordinated Units became convertible into 135,383,831 Common Units within 60 days.

 

Item 5.

INTEREST IN SECURITIES OF THE ISSUER

Item 5(a), (b), and (c) is hereby amended and restated as follows:

(a) CQP Holdings is the beneficial owner of 239,872,500 Common Units, which represents approximately 49.56% of the outstanding Common Units. This amount includes: (i) 104,488,669 Common Units and (ii) 135,383,831 Common Units issuable to CQP Holdings on the Conversion Date, upon conversion of an equal number of Subordinated Units held directly by CQP Holdings.

Cheniere Energy does not directly own any Common Units or Subordinated Units of the Issuer. By virtue of its ownership of 100% of the outstanding common shares of CQP Holdings, Cheniere Energy may be deemed to possess indirect beneficial ownership of the Common Units, including through Subordinated Units, beneficially owned by CQP Holdings.

Except as indicated in this Item 5 or as set forth in Exhibit 99.3, neither the Reporting Persons nor, to the best knowledge of the Reporting Persons, any of the persons named in Exhibit 99.3 to the Schedule 13D owns beneficially, or has any right to acquire, directly or indirectly, any Common Units.

(b) CQP Holdings has the shared power to vote or direct the vote of the 104,488,669 Common Units directly held by it. CQP Holdings also has the shared power to vote or direct the vote of 135,383,831 Subordinated Units directly held by it, which are convertible into an equal number of Common Units on the Conversion Date. CQP Holdings’ voting power is shared with Cheniere Energy.

CQP Holdings also has the shared power to dispose of or cause the disposition of the Common Units and Subordinated Units directly held by it. CQP Holdings’ dispositive power is shared with Cheniere Energy.

(c) Except as otherwise described herein, the Reporting Persons have not entered into any transactions in the Issuer’s securities effected within the 60 days preceding this filing.

 

Item 7

MATERIAL TO BE FILED AS EXHIBITS

Item 7 is hereby amended and supplemented as follows:

 

Exhibit 99.3    Additional Information Regarding the General Partners, Executive Officers, Managers and Board of Directors of the Reporting Persons


CUSIP No. 16411Q101    SCHEDULE 13D    Page 6 of 6 Pages

 

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

CHENIERE ENERGY PARTNERS LP

HOLDINGS, LLC

By:  

/s/ Michael J. Wortley

  Michael J. Wortley
  Title: President and Chief Financial Officer, Manager
CHENIERE ENERGY, INC.
By:  

/s/ Michael J. Wortley

  Michael J. Wortley
  Title: Executive Vice President and Chief Financial Officer

Date: July 30, 2020

EX-99.3 2 d19167dex993.htm EX-99.3 EX-99.3

Exhibit 99.3

General Partners, Executive Officers, Managers and Board of Directors

Cheniere Energy Partners LP Holdings, LLC

 

Name

  

Position

  

Principal Occupation/Business

  

CQP Common Units

Beneficially Owned

Michael J. Wortley

   President and Chief Financial Officer, Manager    Executive Vice President and Chief Financial Officer of Cheniere Energy, Inc.    See table below

Sean N. Markowitz

   Corporate Secretary, Manager    Executive Vice President, Chief Legal Officer and Corporate Secretary of Cheniere Energy, Inc.    See table below

The business address for each of the persons listed above is c/o Cheniere Energy Partners LP Holdings, LLC, 700 Milam Street, Suite 1900, Houston, Texas 77002.

Cheniere Energy, Inc.

 

Name

  

Position

  

Principal Occupation/Business

  

CQP Common Units

Beneficially Owned

Jack Fusco

   President and Chief Executive Officer, Director    President and Chief Executive Officer of Cheniere Energy, Inc.    None

Michael J. Wortley

   Executive Vice President and Chief Financial Officer    Executive Vice President and Chief Financial Officer of Cheniere Energy, Inc.    None

Anatol Feygin

   Executive Vice President and Chief Commercial Officer    Executive Vice President and Chief Commercial Officer of Cheniere Energy, Inc.    None

Sean N. Markowitz

   Executive Vice President, Chief Legal Officer and Corporate Secretary    Executive Vice President, Chief Legal Officer and Corporate Secretary of Cheniere Energy, Inc.    None

Aaron Stephenson

   Senior Vice President, Operations    Senior Vice President, Operations of Cheniere Energy, Inc.    None

Vicky A. Bailey

   Director    President of Anderson Stratton International, LLC    None

G. Andrea Botta

   Chairman of the Board    President of Glenco LLC    None

Nuno Brandolini

   Director    Former General Partner of Scorpion Capital Partner, L.P.    None


Michele A. Evans

   Director    Executive Vice President of Lockheed Martin Aeronautics    None

David I. Foley

   Director    Senior Managing Director of The Blackstone Group L.P.    None

David B. Kilpatrick

   Director    President of Kilpatrick Energy Group    None

Andrew Langham

   Director    General Counsel of Icahn Enterprises LP    None

Courtney R. Mather

   Director    Former Portfolio Manager of Icahn Capital LP    None

Donald F. Robillard, Jr.

   Director    Executive Vice President, Chief Financial Officer and Chief Risk Officer of Hunt Consolidated, Inc.    None

Neal A. Shear

   Director    Senior Advisor of Onyxpoint Global Management LP    None

The business address for each of the persons listed above is c/o Cheniere Energy, Inc., 700 Milam Street, Suite 1900, Houston, Texas 77002.