Once again LNG company Tellurian Inc (TELL) has filed to sell a new note offering of 8.25% notes due 2028.
The issue will have a sliding scale of redemption prices starting 11/30/2023–the initial redemption is $25.75 and then reducing 25 cents/year until $25 is reached.
Recall that back August the company priced an offering of notes which was cancelled due to some sort of listing snafu.
The preliminary prospectus is here.
LarryRodbard was on top of thsi one.
Operating Expenses are 6x Revenue. Only survives on issuing shares or debt.
Typo in the title – it’s “Tellurian”
Thanks David–tweaked