AmericasCorporate

Tellurian to raise $50 million through notes offering

By LNG Prime Staff
Tellurian to raise $50 million through notes offering
For illustration only (Image: Tellurian)

US LNG firm Tellurian intends to raise $50 million through an offering of senior notes, it said on Friday.

Tellurian said in a statement it had priced the underwritten public offering of $50 million aggregate principal amount of 8.25% senior notes due 2028.

In addition, the Driftwood LNG developer 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 Houston-based company intends to use the net proceeds from this offering for general corporate purposes, including the potential acquisition of upstream assets.

Tellurian expects the offering to close on or about August 30, subject to satisfaction of customary closing conditions.

Earlier this month, Tellurian said it would raise $105 million through a sale of its shares in an underwritten public offering.

Most Popular

LNG Terminals

Construction progresses on Woodside’s Louisiana LNG project

Australian LNG player Woodside and its contractor Bechtel continue to advance construction of the first phase of the Louisiana LNG export terminal.
Contracts and Tenders

Uniper, Equinor seal long-term gas supply deal

German energy and LNG firm Uniper has signed a long-term deal with Norway's Equinor for the supply of natural gas to Germany.
Contracts and Tenders

Santos: GLNG to buy Meridian CSG project

Australian LNG player Santos and its GLNG joint venture partners have entered into binding agreements to purchase 100 percent of the Greater Meridian CSG project in Queensland for approximately $310 million.

More News Like This

Corporate

CCEC names Martin Houston as chairman

LNG carrier owner Capital Clean Energy Carriers (CCEC) has appointed Martin Houston, former chief operating officer of BG and co-founder of Tellurian, as its chairman.
LNG Terminals

Work progresses on Woodside’s Louisiana LNG export plant

Australian LNG player Woodside is moving forward with construction work on its Louisiana LNG export terminal.
Contracts and Tenders

Woodside, Stonepeak wrap up Louisiana LNG stake sale

Australian LNG player Woodside has completed the previously announced sell-down of a 40 percent stake in its Louisiana LNG project to US private equity firm Stonepeak.
Contracts and Tenders

Aramco plans to join Woodside’s Louisiana LNG project

Saudi Arabia’s energy behemoth Aramco plans to take a stake in Woodside's Louisiana LNG export project.