Tellurian has extended the maturity date of its Term Loan by 18 months to November 23, 2021 under a new agreement to amend the terms of its 2019 Term Loan.
President and CEO Meg Gentle said that the changes were made due to challenges relating to the coronavirus pandemic. The move to extend the company’s Term Loan maturity completes the second critical step toward resiliency in the current market, he noted. “We are working remotely with potential equity partners for the Driftwood project and implementing measures to keep our team safe and productive to regain commercial momentum when the effects of COVID-19 subside.”
