Each one in plain English, with the numbers worked through for a shareholder.
28 May 2019debt financing● Neutral
Driftwood Holdings borrowed $75 million in bridge financing from Wilmington Trust-administered lenders, with a further $15 million available once TOTAL formally committed to its previously announced $500 million equity investment in the project.
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Charif Souki, Souki Family, Brooke Peterson reported a TELLURIAN INC. /DE/ shareholding of 54,598,728 shares (22.56% of votes) in a periodic institutional filing.
TOTAL agreed to invest a further $200 million in Tellurian common stock, but only if Tellurian reached a final investment decision on Driftwood Phase 1 and separately paid $1.0 billion for a 7.2% stake in the project entity, Driftwood Holdings LP -- a much larger, more conditional commitment than TOTAL's 2016 investment.
Tellurian's upstream subsidiary borrowed $60 million from Goldman Sachs Lending Partners to fund development of its Louisiana gas properties, adding project-level debt alongside the equity raises.
Tellurian raised about $115.1 million in another public stock offering (12 million shares) underwritten by Credit Suisse, continuing to build cash reserves for Driftwood's development.
TELLURIAN INC. /DE/ shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).