NetworkNewsBreaks – Tellurian, Inc. (NASDAQ: TELL) Secures $56M in Registered Direct Note Offering

Tellurian 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 to approximately 4.7 million shares of Tellurian common stock. "Tellurian is building cash reserves during this challenging time in global markets, positioning for a strong emergence from COVID-19 restrictions," CEO and President Meg Gentle stated in the news release. "We remain bullish on long-term natural gas demand growth, underscoring the acute need for Driftwood LNG." ROTH Capital Partners acted as sole placement agent for the offering.

To view the full press release, visit http://nnw.fm/b6zMt

About Tellurian Inc.

Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian is developing a portfolio of natural gas production, LNG trading, and infrastructure that includes a ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the symbol "TELL".  For more information, visit the company's website at www.TellurianInc.com.

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