Davis Polk advised the sole book-running manager in connection with an SEC-registered common stock offering of 10,000,000 shares of common stock of Tellurian Inc. The net proceeds from the offering were approximately $94.8 million, which Tellurian Inc. intends to use for detailed engineering of its Driftwood Project and for general corporate purposes and working capital. The common stock is listed on the NASDAQ Capital Market under the symbol “TELL.”
Tellurian is developing a liquefied natural gas terminal facility and an associated pipeline in Southwest Louisiana.
The Davis Polk capital markets team included partner Derek Dostal and associates Christopher M. Bezeg and Leigh Katz. Partner Michael Mollerus provided tax advice. Counsel David A. Zilberberg and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.