Tellurian Announces Pricing of Public Offering of Common Stock
19 June 2018 - 11:56AM
Business Wire
Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today
announced that it has priced a public offering of 12,000,000 shares
of its common stock for total gross proceeds to Tellurian (before
underwriters’ compensation and estimated expenses) of $118.8
million. 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 this offering for general
corporate purposes, including pipeline development and working
capital. The offering is expected to close on or about
June 21, 2018, subject to satisfaction of customary closing
conditions.
Credit Suisse Securities (USA) LLC is acting as sole
book-running manager for the offering, and Stifel, Cowen and
Company, LLC, Seaport Global Securities LLC and Tuohy Brothers
Investment Research, Inc. are acting as co-managers.
The offering is being made pursuant to an effective shelf
registration statement of the Company previously filed with the
Securities and Exchange Commission (the “SEC”). The offering may be
made only by means of a prospectus supplement and the accompanying
prospectus. Copies of the preliminary 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 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
preliminary 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/20180618006290/en/
Tellurian Inc.MEDIA:Joi Lecznar, +1 832-962-4044SVP
Public Affairs and
Communicationjoi.lecznar@tellurianinc.comINVESTORS:Amit
Marwaha, +1 832-485-2004Director, Investor
Relationsamit.marwaha@tellurianinc.com
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