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0.00636590091336846 0.00636590091336846 0.00498200941046229 0.00636590091336846 -0.0134237475781898 -0.00359811790755596 -0.0143924716302243 -0.0357044007749793
Stock impact report

Tellurian Closes $260 Million Asset Sale and Retires Senior Secured Debt [Yahoo! Finance]

Tellurian Inc. (TELL) 
Last tellurian inc. earnings: 2/24 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.tellurianinc.com
Company Research Source: Yahoo! Finance
previously reported sale of its integrated upstream assets for $260 million to affiliates of Aethon Energy Management LLC (Aethon), fulfilling a key objective outlined in May and substantially strengthening its balance sheet as it advances the Driftwood liquefied natural gas (LNG) project. The Company utilized proceeds from the sale to retire the $230 million of non-convertible Senior Secured Notes scheduled to mature in 2025. "With the retirement of the senior secured debt, Tellurian is in a much-improved commercial position as we work to advance Driftwood LNG," said Tellurian President Daniel Belhumeur. "As a private equity firm and operator, we are excited to enhance our strategic footprint by integrating Tellurian's upstream and midstream assets into our extensive Haynesville position," said Gordon Huddleston, President and Partner of Aethon Energy. "Our goal is to generate compelling returns while supporting the communities we operate in as we make progress towards providing Show less Read more
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