Davis Polk advised the sole book-running manager in the offering.
Tellurian Inc. executed the offering of 35,000,000 shares of common stock. The net proceeds from the offering were approximately $100.7 million, which Tellurian Inc. intends to use for general corporate purposes, including the potential acquisition of upstream assets. The common stock is listed on the Nasdaq Capital Market under the symbol “TELL.”
Tellurian creates value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide. Tellurian’s existing natural gas assets consist of 9,704 net acres and interests in 72 producing wells located in the Haynesville Shale trend of northern Louisiana.
The Davis Polk capital markets team advising the Sole Bookrunner, B. Riley Securities, included partner Derek Dostal (Picture) and associates Arisa Akashi and Aaron Shubert. The tax team included partner Po Sit and associate Ben Levenback.
Involved fees earner: Aaron Shubert – Davis Polk & Wardwell; Arisa Akashi – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: B. Riley Securities;