Tellurian to raise debt capital

• Tellurian (NYSE:TELL) to issue 11.25% senior secured notes due 2027 ($1,000 principal amount per note) and warrants to purchase shares of TELL common stock in an underwritten public offering.
• There can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.
• Net proceeds will be used by contributing them to the Driftwood Project entities to support the construction of the Driftwood Project.
• Shares down 1% PM.