Tellurian (NYSE American: TELL), a company focused on developing a portfolio of natural gas production, LNG marketing and trading, has executed definitive agreements to sell senior secured convertible notes in the amount of $500 million. The company made the announcement, noting that the agreements are subject to typical closing conditions. According to the announcement, the notes will bear interest at 6% per annum and are set to expire on May 1, 2025; they will also be convertible into shares of Tellurian common stock at an initial conversion price of $5.72, and that price is, subject to customary adjustments. The announcement noted that Roth Capital Partners acted as lead placement agent for the offering.
To view the full press release, visit https://nnw.fm/qh8w9
About Tellurian, Inc.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL. For more information about the company, visit www.TellurianInc.com
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork
