Tellurian Withdraws Public Offering Of Shares

Published: May 17 2017
Deal Summary

Tellurian Inc. (formerly known as Magellan Petroleum Corp), a company that plans to own, develop and operate natural gas liquefaction facilities, storage facilities and loading terminals, has withdrawn the public offering of 10 million (MM) shares. The company has withdrawn the offer due to adverse market conditions.

Credit Suisse Securities (USA) LLC acted as sole book-running manager, while Tuohy Brothers Investment Research, Inc. acted as underwriter to the company for the placement. Davis Graham & Stubbs LLP acted as legal advisor to the company for the offering.

The company intended to use the proceeds from the offering for detailed engineering of the Driftwood Project, general corporate purposes and working capital.

Deal history

Withdrawn: On May 18, 2017, Tellurian has withdrawn the public offering of 10 MM shares.

Planned/Filing: On May 17, 2017, Tellurian filed preliminary prospectus to issue 10 MM shares, in a public offering.

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