Tellurian Closes Public Offering of Common Stock
June 21 2018 - 10:18AM
Business Wire
Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today
announced that it has closed its previously announced public
offering of 12,000,000 shares of common stock. Net proceeds from
the offering, after deducting estimated fees and expenses, were
approximately $115.1 million. Credit Suisse Securities (USA)
LLC acted as sole book-running manager for the offering, and
Stifel, Cowen and Company, LLC, Seaport Global Securities LLC and
Tuohy Brothers Investment Research, Inc. acted as co-managers. The
Company has granted the underwriters a 30-day option to purchase up
to 1,800,000 additional shares of common stock of the Company to
cover over-allotments, if any. The Company intends to use the net
proceeds from the offering for general corporate purposes,
including pipeline development and working capital.
The offering was made pursuant to an effective shelf
registration statement of the Company previously filed with the
Securities and Exchange Commission (the “SEC”). The offering was
made only by means of a prospectus supplement and the accompanying
prospectus. Copies of the prospectus supplement for the offering
and the accompanying prospectus may be obtained by sending a
request to Credit Suisse Securities (USA) LLC, Attention:
Prospectus Department, One Madison Avenue, New York, New York
10010, Telephone: 1-800-221-1037, E-mail:
newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities, in any state or jurisdiction in which such offer,
solicitation or sale of these securities would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Tellurian Inc.
Tellurian plans to build a natural gas business that includes
development of Driftwood LNG, an approximately 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 ticker symbol “TELL.”
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS
Statements in this press release related to the use of proceeds
from the Company’s public offering of common stock and all other
statements other than statements of historical fact are
forward-looking statements that are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are subject to a number of
risks and uncertainties that may cause actual results to differ
materially from the forward-looking statements. Tellurian urges you
to carefully review and consider the cautionary statements made in
this press release, the registration statement, the “Risk Factors”
section of the prospectus supplement for the offering and of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2017 filed with the SEC on March 15, 2018,
and other filings with the SEC for further information on risks and
uncertainties that could affect the Company’s business, financial
condition and results of operations. The Company cautions you not
to place undue reliance on forward-looking statements, which speak
only as of the date made. Tellurian undertakes no obligation to
update any forward-looking statements in order to reflect any event
or circumstance occurring after the date of this press release or
currently unknown facts or conditions or the occurrence of
unanticipated events. All forward-looking statements are qualified
in their entirety by this cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20180621005770/en/
Tellurian Inc.Media:Joi Lecznar, +1-832-962-4044SVP
Public Affairs and
Communicationjoi.lecznar@tellurianinc.comorInvestors:Amit
Marwaha, +1-832-485-2004Director, Investor
Relationsamit.marwaha@tellurianinc.com
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