The upstream production subsidiary of Houston-based Tellurian Inc. (Nasdaq: TELL) reached an agreement with lenders securing funds for natural gas production.
The company will take on $60 million in debt to develop oil and gas assets, according to a Sept. 28 filing with the U.S. Securities and Exchange Commission. The loans will mature in 2021, according to the filing.
The terms of the deal limit the upstream subsidiary’s ability to take on additional debt, enter a merger, sell assets or a number…
