Tellurian Inc. has announced that it plans to offer 10 million shares of its common stock for sale in an underwritten public offering.
In the statement, the company claims that it expects to grant underwriters an option for 30 days to purchase up to an additional 1.5 million shares of common stock to cover over-allotments, if any.
Tellurian claims that Credit Suisse Securities (USA) LLC is acting as the sole book-running manager for the offer, and that Tuohy Brothers Investment Research Inc. is acting as co-manager.
The offering is being made pursuant to an effective shelf registration statement of the company, which was previously filed with the Securities and Exchange Commission.
Read the article online at: https://www.lngindustry.com/liquefaction/18052017/tellurian-announces-public-offering-of-common-stock/