09:27 AM EDT, 07/01/2024 (MT Newswires) -- Tellurian (TELL) said Monday it had closed the sale of its integrated upstream assets for $260 million to affiliates of Aethon Energy Management and used the proceeds to retire all $230 million of its non-convertible senior secured notes maturing in 2025.

The companies also said they were working to complete a long-term sale and purchase agreement for around 2 million tons of liquefied natural gas per year.

Tellurian shares were 4.5% higher in Monday's premarket activity.