Tellurian’s Driftwood subsidiary repays 2019 term loan in full

Chicago, March 15 – Tellurian Inc. indirect wholly owned subsidiary Driftwood Holdings LLC has repaid its 2019 senior secured term loan in full, according to a press release.

The company made a prepayment using approximately $38 million of cash on hand.

Following the prepayment, Tellurian has $21 million of debt outstanding.

The company plans on repaying the remaining $21 million of debt in the coming months from upstream generated cash flows and cash on hand.

Tellurian is a natural gas company based in Houston.

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