Tellurian Inc. has announced that it has entered into an agreement to amend the terms of its 2019 term loan.
The agreed terms include an 18-month extension of the maturity date to 23 November 2021.
Tellurian’s President and CEO, Meg Gentle, said, “as announced in early March, we are making necessary changes amid challenging global conditions. We have restructured the organisation and entered into an agreement to extend our term loan maturity to late 2021, which swiftly completes the second critical step toward resiliency in the current market. We are working remotely with potential equity partners for the Driftwood project and implementing measures to keep our team safe and productive to regain commercial momentum when the effects of COVID-19 subside.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23032020/tellurian-extends-loan-to-2021/