Gas Tycoon Charif Souki Owes Lenders $100 Million, Judge Rules [Financial Post (Toronto, Ontario, Canada)]
Tellurian Inc. (TELL)
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Source: Financial Post
for personal loans, owes lenders at least $100 million, a Texas bankruptcy judge ruled. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Energy tycoon Charif Souki, who used his luxury ranch outside Aspen and shares of a liquefied natural gas export company he co-founded as collateral for personal loans, owes lenders at least $100 million, a Texas bankruptcy judge ruled. Judge Christopher Lopez denied Souki's claims that his lenders, including a fund managed by UBS O'Connor LLC, undermined efforts to retire his personal debt by destroying the value of the ranch and selling shares of his LNG export company, Tellurian Inc., at unreasonably low prices. Article content Article content Monday's ruling is a setback for Souki, who put the Aspen ranch into Chapter 11 last July after suing his lenders in New York. The amount Souki owes lenders will be offset by proceeds from the sale of the ranch in b
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News
- Gas Tycoon Charif Souki Owes Lenders $100 Million, Judge Rules [Yahoo! Finance]Yahoo! Finance
- Gas Tycoon Charif Souki Owes Lenders $100 Million, Judge Rules [BNN Bloomberg (Canada)]BNN Bloomberg
- Tellurian Executive Chairman ‘Encouraged' by Progress [Yahoo! Finance]Yahoo! Finance
- Tellurian Makes Leadership Changes [Yahoo! Finance]Yahoo! Finance
- Tellurian Makes Leadership ChangesBusiness Wire
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