US LNG player Tellurian pays down debt
Mar 16, 2021 2:39:pm
Summary Tellurian, one of the first out of the US gate with LNG, continues its efforts to pay off loans.
by: Daniel Graeber
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US LNG player Tellurian pays down debt
US LNG developer Tellurian said March 15 it had cut its debt load significantly after paying down a 2019 load using about $38mn of cash on hand, leaving it with outstanding debt of about $21mn.
“We are planning to pay off the remaining $21mn in debt obligations from upstream generated cash flows and cash on hand in the coming months,” CEO Octavio Simoes said.