Tellurian Announces Intention To Delist And Redeem 8.25% Senior Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
Tellurian Inc. has announced its intention to delist from the NYSE and redeem its 8.25% Senior Notes due 2028 following its merger with Woodside Energy. This move is part of the merger agreement where Tellurian becomes a wholly owned subsidiary of Woodside Energy.
October 09, 2024 | 12:37 pm
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Tellurian Inc. is set to delist from the NYSE and redeem its 8.25% Senior Notes due 2028 following its merger with Woodside Energy. This indicates a significant corporate restructuring as Tellurian becomes a wholly owned subsidiary of Woodside.
The delisting and redemption of notes suggest a major restructuring and potential changes in corporate strategy as Tellurian becomes a subsidiary of Woodside Energy. This could lead to short-term uncertainty and potential negative sentiment among investors.
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