Tellurian Inc. today announced that it intends to offer and sell, subject to market and other conditions, 8.25% senior notes due 2028 in an underwritten public offering. The Company also expects to grant the underwriters a 30-day option to purchase additional senior notes in connection with the offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the [...]
Tellurian Inc. completed sales from Driftwood LNG's capacity for the first two plants with the signing of three million tonnes per annum in sale and purchase agreements with Shell and raised approximately $116 million in a public stock offering in the third quarter of 2021. Subsequent to the quarter end, Tellurian transferred its common stock listing from the Nasdaq Capital Market to the NYSE American. Tellurian ended its [...]
Tellurian Inc. announced today it will transfer the listing of its common stock from the Nasdaq Capital Market to the NYSE American. Executive Chairman Charif Souki said, "Global natural gas shortages and recent history-making prices indicate the pressing need for additional liquefaction export capacity in the United States. Tellurian is poised to contribute to America's status as an energy superpower, having achieved [...]
Tellurian Inc. today named energy and financial industry veteran James D. Bennett as a new independent Board member. Mr. Bennett is the former President and CEO of SandRidge Energy, Inc. and previously served as a Managing Director first at GSO Capital Partners and then at White Deer Energy. He is a current board member and Executive Chairman of Tapstone Energy Inc. This press release features multimedia. View the full [...]
Tellurian Inc. announced today that it will not proceed with its underwritten public offering of $50 million aggregate principal amount of 8.25% senior notes due 2028 which was successfully priced last Thursday night, August 26, 2021. Nasdaq informed Tellurian on Friday that it would not list the bonds due to a procedural interpretation. Tellurian Executive Chairman Charif Souki said, "Clearly the massive retail [...]
Tellurian Inc. today announced that it has priced an underwritten public offering of $50 million aggregate principal amount of 8.25% senior notes due 2028. The Company has granted the underwriters a 30-day option to purchase an additional $7.5 million aggregate principal amount of senior notes in connection with the offering. The Company intends to use the net proceeds from this offering for general corporate purposes [...]
Tellurian Inc. today announced that it intends to offer and sell, subject to market and other conditions, senior notes due 2028 in an underwritten public offering. The Company also expects to grant the underwriters a 30-day option to purchase additional senior notes in connection with the offering. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the [...]
Tellurian Inc. today announced that it has closed its previously announced public offering of 35,000,000 shares of common stock at a public offering price of $3.00 per share. Proceeds from the offering, after deducting underwriting discounts and commissions and estimated fees and expenses, were approximately $100.7 million. B. Riley Securities, Inc. acted as the sole bookrunner for the offering. The Company has granted [...]
Tellurian Inc. today announced that it has priced a public offering of 35,000,000 shares of its common stock for total gross proceeds to Tellurian of $105 million. The Company has granted the underwriter of the offering a 30-day option to purchase up to 5,250,000 additional shares of common stock of the Company to cover over-allotments, if any. The Company intends to use the net proceeds from this offering for general [...]
Tellurian Inc. today announced that it intends to offer for sale shares of its common stock in an underwritten public offering. The Company also expects to grant the underwriter of the offering a 30-day option to purchase additional shares of common stock of the Company to cover over-allotments, if any. The Company intends to use the net proceeds from the offering for general corporate purposes, including the potential [...]
Tellurian Inc. continues to build its integrated global natural gas business, entering into liquefied natural gas sale and purchase agreements with Gunvor Singapore Pte Ltd and Vitol Inc. for a total of six million tonnes per annum in the second quarter. Subsequent to the quarter end, Tellurian also entered into LNG SPAs with Shell NA LNG LLC for an additional three mtpa, completing the sales for plants one and two of [...]
Tellurian Inc. announced today it has finalized liquefied natural gas sale and purchase agreements with Shell NA LNG. The SPAs are on a free on board basis at Driftwood LNG for a combination of three million tonnes per annum for a ten-year period, indexed to a combination of two indices: the Japan Korea Marker and the Dutch Title Transfer Facility , each netted back for transportation charges. The agreements mark the [...]