Tellurian Announces Agreement For Debt Amendment To Support Upstream Asset Sale; Includes Provision For Reduction In Tellurian's Minimum Cash Balance Requirement And Ability To Make Upcoming Interest Payments
Portfolio Pulse from Benzinga Newsdesk
Tellurian Inc. has reached an agreement to amend its debt, facilitating the sale of upstream assets. This amendment includes a provision to lower Tellurian's minimum cash balance requirement and ensures the company can make its upcoming interest payments.
February 22, 2024 | 2:10 pm
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Tellurian Inc. has successfully negotiated a debt amendment to support the sale of its upstream assets, which also allows for a reduction in its minimum cash balance requirement and the ability to make upcoming interest payments.
The amendment of debt terms to support asset sales and improve financial flexibility is generally viewed positively by the market. It suggests that Tellurian is taking proactive steps to manage its debt and liquidity, which could reduce financial risk and potentially improve its financial outlook. This news is likely to be seen as a positive development by investors, potentially leading to a short-term increase in Tellurian's stock price.
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IMPORTANCE 90
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