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Stock impact report

Tellurian Announces Agreement for Debt Amendment to Support Upstream Asset Sale [Yahoo! Finance]

Tellurian Inc. (TELL) 
Last tellurian inc. earnings: 2/24 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.tellurianinc.com
Company Research Source: Yahoo! Finance
The amendment is expected to enhance near-term liquidity and provide the company with flexibility to successfully complete the sale of its upstream assets. Among other items, the amendment provisions include a reduction in Tellurian's minimum cash balance requirement and the ability for the company to make its upcoming interest payments in-kind. Chief Executive Officer Octávio Simões said, "This amendment to our debt agreement is pivotal towards establishing a sustainable capital structure and accelerating our strategic priority, Driftwood LNG. It also provides us the time and flexibility to complete the sale of our upstream assets in a manner that maximizes value for our shareholders while we maintain our focus on the intensive negotiations associated with the commercialization of Driftwood LNG." 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. T Show less Read more
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