Tellurian Inc. - TELL STOCK NEWS

Tellurian Inc. (NASDAQ: TELL) has announced that it will not proceed with its planned public offering of $50 million in senior notes due 2028 due to Nasdaq's decision not to list the bonds. Executive Chairman Charif Souki expressed disappointment over the timing of Nasdaq's notification but noted that Tellurian maintains strong liquidity and has achieved a BBB+ investment grade rating. Additionally, the company revealed that underwriters increased their purchase of common stock to a total of 40.25 million shares, generating approximately $15.75 million in gross proceeds.

Tellurian Inc. has announced an underwritten public offering of $50 million in senior notes, with an additional $7.5 million option for underwriters. The notes carry an 8.25% interest rate and are due in 2028. Proceeds from the offering will be used for general corporate purposes, including potential acquisitions of upstream assets. The offering is set to close around August 31, 2021, pending customary conditions. The offering is registered with the SEC and managed by B. Riley Securities, Ladenburg Thalmann, and William Blair.

Tellurian Inc. (Nasdaq: TELL) announced an intention to offer senior notes due 2028 in an underwritten public offering, with an option for underwriters to purchase additional notes. Proceeds will support general corporate purposes, including possible acquisitions of upstream assets. The offering will be made under an effective shelf registration statement and entails risks. Joint book-running managers include B. Riley Securities, Ladenburg Thalmann, and William Blair. The company develops natural gas production and infrastructure, including a significant LNG export facility.

Tellurian Inc. (TELL) has successfully completed its public offering, closing on 35,000,000 shares at $3.00 each, raising approximately $100.7 million after fees. B. Riley Securities served as the sole bookrunner, with an option for the underwriter to purchase an additional 5,250,000 shares. The proceeds are earmarked for general corporate purposes, including potential acquisitions of upstream assets. This offering was conducted under an effective shelf registration statement with the SEC.

Tellurian announced a public offering of 35,000,000 shares of common stock, priced to generate gross proceeds of $105 million before expenses. An underwriter has a 30-day option for an additional 5,250,000 shares. The net proceeds will be allocated for general corporate purposes, including potential acquisitions of upstream assets. The offering is expected to close around August 6, 2021. B. Riley Securities is the sole bookrunner for the offering, conducted under an effective shelf registration statement filed with the SEC.

Tellurian Inc. (Nasdaq: TELL) announced plans for a public offering of its common stock, with B. Riley Securities acting as the sole bookrunner. The offering includes a potential 30-day option for the underwriter to purchase additional shares. Proceeds are earmarked for general corporate purposes, including possible acquisitions of upstream assets. The offering is registered under an effective shelf registration statement with the SEC. This press release includes forward-looking statements that are subject to risks and uncertainties.

Tellurian Inc. (NASDAQ: TELL) has solidified its global natural gas strategy by entering into LNG sale and purchase agreements totaling nine million tonnes per annum. With a strong cash position of approximately $111.9 million and no borrowing obligations at the end of Q2 2021, the company reported revenues of about $5.6 million from natural gas sales. However, Tellurian also experienced a net loss of $30.6 million for the quarter. CEO Octávio Simões emphasized the company’s balanced approach, enhancing their natural gas drilling program, and progressing the Driftwood LNG project.

Tellurian has finalized LNG sale and purchase agreements with Shell NA LNG for 3 million tonnes per annum over a 10-year period at Driftwood LNG. The agreements, which are indexed to the Japan Korea Marker and the Dutch Title Transfer Facility, complete sales supporting the launch of Driftwood's first two plants, totaling 9 million tonnes per annum. Tellurian will now focus on financing the Driftwood project to begin construction in early 2022. The agreements may be subject to risks related to investment decisions requiring significant capital.

Tellurian Inc. (NASDAQ: TELL) has announced that its subsidiary, Driftwood LNG LLC, has exercised a long-term lease option for a 477-acre site in Sulphur, Louisiana. The lease agreement spans an initial 20 years, with potential extensions of up to 50 years. This strategic move underlines Tellurian's commitment to advancing construction preparations for its LNG export terminal. The project is expected to generate over 6,500 construction jobs and around 400 operational roles, significantly benefiting the local economy with substantial tax revenue.