NetworkNewsBreaks – Tellurian, Inc. (NASDAQ: TELL) Secures $56M in Registered Direct Note Offering
Tellurian (NASDAQ: TELL) has sold $56 million of zero coupon, unsecured notes and provided the lender with warrants to purchase up to 20 million shares of its common stock. According to the update, Tellurian also entered an agreement to amend its 2019 Term Loan, including a reduction of the principal amount by $17.1 million, in conjunction with the financing. The agreement provided for a paydown of $2.1 million in cash, converts $15 million of principal value into equity through the issuance of approximately 9.3 million shares to the lender, as well as provided the lender with warrants to purchase up…







