Tellurian (TELL) has provided an update.
Tellurian Inc. successfully completed the sale of its Haynesville Shale upstream and midstream assets in Louisiana to Aethon United for a total of $260 million, with customary adjustments. The substantial net proceeds were then used to fully retire the company’s outstanding 10% Senior Secured Notes due in 2025, totaling around $240 million, which included the principal, accrued interest, and stock shortfall amounts. The company publicly announced the asset sale closure on July 1, 2024, emphasizing its strategic financial restructuring.
Learn more about TELL stock on TipRanks’ Stock Analysis page.
