trending Market Intelligence /marketintelligence/en/news-insights/trending/X9d8JkCmp6Vt-DOP2LL3OA2 content esgSubNav
In This List

Tellurian to offer 8,000,000 shares of common stock


See the Big Picture: Energy Transition in 2024


IR in Focus | Episode 10: Capital Markets Outlook


Infographic: The Big Picture 2024 – Energy Transition Outlook


The Big Picture: 2024 Energy Transition Industry Outlook

Tellurian to offer 8,000,000 shares of common stock

Tellurian Inc. plans to offer 8,000,000 shares of its common stock in an underwritten public offering, according to a Dec. 7 news release.

The company intends to grant underwriters a 30-day overallotment option for purchase of up to 1,200,000 of additional shares. Tellurian intends to use net proceeds from the offering 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 is acting sole book-running manager for the offering.

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