Tellurian Inc.
Description
Executed definitive agreements to sell $500 million principal amount of senior secured convertible notes, bearing interest at 6.0% per annum, expiring May 1, 2025. The notes will be convertible into shares of Tellurian common stock at an initial conversion price of $5.724, subject to customary adjustments. Roth Capital Partners and Citigroup served as placement agents.