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Tellurian closes common stock offering

Tellurian Inc. closed its offering of 10,000,000 shares of common stock at $10 per share, gaining about $94.8 million in net proceeds, according to a Dec. 12 SEC filing.

The offering was upsized from 8,000,000 shares. Tellurian intends to use net proceeds for detailed engineering of its planned LNG terminal facility and an associated pipeline in southwest Louisiana, general corporate purposes, and working capital.

Credit Suisse Securities (USA) LLC acted sole book-running manager for the offering.

Tellurian is developing a 27.6 million-tonne-per-annum LNG export facility known as Driftwood LNG.