Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) 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, including the potential acquisition of upstream assets. The offering is expected to close on or about November 10, 2021, subject to satisfaction of customary closing conditions.
News
This page includes links to videos that include statements made by officers and directors of Tellurian Inc. (the “Company”) and other persons. The Company assumes no responsibility for statements made by persons other than its officers, directors and other authorized spokespersons. Statements made by the Company’s representatives may include forward-looking statements regarding, among other things, commodity prices, regulatory and operational developments, future economic conditions and other matters. Such forward-looking statements are subject to numerous risks and uncertainties, including the risk of unanticipated changes in market, regulatory or business environments and other risks described in the Company’s filings with the SEC, which are available on this site under “Investors—Financials, Filings and Presentations.” The Company does not undertake to update such forward-looking statements, which are made only as of the date indicated.
PRESS RELEASE | Tellurian Announces Public Offering of Senior Notes
Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) 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 offering. The Company intends to use the net proceeds from the offering for general corporate purposes, including the potential acquisition of upstream assets.
PRESS RELEASE | Tellurian Reports Third Quarter 2021 Results
Tellurian Inc. (Tellurian) (NYSE American: TELL) completed sales from Driftwood LNG’s capacity for the first two plants with the signing of three million tonnes per annum (mtpa) in sale and purchase agreements (SPAs) 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.
▶ Two minutes with Executive Chairman Charif Souki on clarifying areas of focus
Two things we need to do: 1️⃣ Unequivocally, the most important piece is to organize financing. 2️⃣ Continue to concentrate on our Upstream position.
▶ Two minutes with Executive Chairman Charif Souki on insatiable energy demands
Europeans and Americans are creating a strong incentive for energy prices to go up. Could this be the start of an energy crisis?
PRESS RELEASE: Tellurian transfers TELL listing to the NYSE American
Tellurian Inc. (Tellurian) announced today it will transfer the listing of its common stock from the Nasdaq Capital Market to the NYSE American.
Two minutes with Executive Chairman Charif Souki on the European gas price increase
This translates into, in terms of what Driftwood is going to do, an extremely profitable project for us. There is now a gap between American prices and global prices that is very significant and likely to last for a very long time. So we will be able to, eventually, produce 1.5 trillion cubic feet of natural gas a year, which we will produce or buy in the United States between $3 and $5, and sell on the water between $15 and $25. That is, the cash flow annually could be somewhere between $12 billion and $20 billion a year.
Two minutes with Charif Souki discussing events increasing energy demand on a global basis
Should the U.S. be proactive in providing energy to the world? Watch the CNN interview between Fareed Zakaria and New York Times columnist Tom Friedman here: https://www.cnn.com/videos/tv/2021/10/10/exp-gps-1010-friedman-energy-crisis.cnn
Two minutes with Charif Souki discussing infrastructure builds and gas prices around the world
The issue of whether you can warm your home and continue to have electricity this winter is very significant globally.
Two minutes with Executive Chairman Charif Souki on current U.S. natural gas position and gas flow
Where does U.S. gas come from? The Marcellus, the Haynesville, and the Permian areas supply most of the gas for the U.S. The U.S. has enough resources to satisfy all of the demand for the country plus a very significant piece of export available for the rest of the world where we can help countries, such as what is happening to Europe, to have additional gas and to supply to Asia, Africa, and places that need it.