The 8.25% investment-grade notes are due 2028

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of $50 million principal amount of 8.250% senior notes due 2028 of Tellurian Inc. The net proceeds from the offering were approximately $47.1 million, which Tellurian Inc. intends to use for general corporate purposes, including the potential acquisition of upstream assets.

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 included partner Derek Dostal and associate Arisa Akashi. All members of the Davis Polk team are based in the New York office.