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

Venture Global gets FERC OK to boost Calcasieu Pass LNG capacity

US LNG exporter Venture Global LNG has received approval from the US FERC to increase the peak liquefaction capacity of its Calcasieu Pass LNG terminal in Louisiana.
Contracts and Tenders

Deutsche ReGas, German government reach deal on FSRU charter termination

LNG terminal operator Deutsche ReGas and Germany's Ministry for Economic Affairs and Energy have reached a mutual agreement on resolving the sub-charter agreement for the 174,000-cubic-meter FSRU Energos Power.
Contracts and Tenders

Worley updates on CP2 LNG work

Australian engineering firm Worley has provided an update on its reimbursable EPC contract with US LNG exporter Venture Global LNG for the latter's CP2 LNG terminal in Louisiana.

More News Like This

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.
Contracts and Tenders

Wood bags Louisana LNG pipeline gig from Woodside

UK-based consulting and engineering firm Wood has secured a contract from Australian LNG player Woodside for the latter's Line 200 pipeline project, which will deliver natural gas to the recently approved Louisiana LNG project.
Contracts and Tenders

BP to supply feed gas to Woodside’s Louisiana LNG

UK-based energy giant BP has agreed to supply feed gas to Woodside's three-train, 16.5 mtpa Louisiana LNG export project.
LNG Terminals

Woodside takes FID on $17.5 billion Louisiana LNG project

Australian LNG player Woodside has made a final investment decision to develop the three-train, 16.5 mtpa Louisiana LNG project. The total capital expenditure for the LNG project, pipeline, and management reserve is $17.5 billion.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA