Aug 30 (LNGJ) - Tellurian Inc., the developer of the Driftwood LNG export plant in Louisiana with 27.6 million tonnes per annum of output and an associated pipeline, intends to offer and sell units consisting of 11.25 percent senior secured notes due in 2027 ($1,000 principal amount per note) and warrants to purchase shares of Tellurian common stock in an underwritten public offering.
“The company intends to use the net proceeds from the offering by contributing them to the Driftwood Project entities to support the construction of the Driftwood Project,” said the company. B. Riley Securities, Inc. is acting as sole bookrunning manager for the offering. Tellurian noted that offering may be made only by means of a prospectus supplement and an accompanying prospectus.
