Tellurian to raise $50 million through notes offering

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.

- Advertisements -

Most Popular

Atlantic LNG freight rates hit new record

Spot charter rates for the global LNG carrier fleet in the Atlantic basin have reached a new record high,...

Excelerate to splash about $332 million on FSRU order in South Korea

Excelerate Energy will pay about $332 million for a floating storage and regasification unit (FSRU) it ordered at South...

Excelerate orders FSRU at Hyundai Heavy

US floating LNG player Excelerate Energy has ordered a floating storage and regasification unit (FSRU) at South Korea’s Hyundai...

More News Like This

Tellurian says Shell, Vitol LNG supply deals terminated

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

Souki: Tellurian to focus on finding equity partners for Driftwood LNG

Tellurian will now focus on finding equity partners for its Driftwood LNG export project in Louisiana after it withdrew...

Tellurian withdraws senior notes offering

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said it would not...

Tellurian plans new senior notes offering

US LNG firm Tellurian has revealed plans to sell more senior secured notes in order to fund the construction...