By Chris Wack


Tellurian Inc. shares were up 10% to $3.28 Wednesday, a day after the company said that, due to uncertain conditions in the high-yield market, it has withdrawn its proposed public offering of units consisting of 11.25% senior secured notes due 2027 and warrants to buy shares of its common stock.

The stock closed Tuesday's session down 24%, and it is down 11% in the last three months.

On Aug. 29, the company said it would sell the units and use the proceeds to support the construction of its Driftwood project, which is a liquefaction export facility under way near Lake Charles, La.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

09-21-22 1047ET