Tellurian Inc. has fully repaid its 2019 term loan with a voluntary prepayment of roughly $38 million using cash on hand, according to a March 15 SEC filing.

The payment lowered Tellurian's outstanding debt to approximately $21 million. The company said it is planning to pay down its remaining debt using cash flows from its upstream segment and cash on hand in the coming months.

Tellurian also previously made a voluntary principal prepayment of $43 million on its 2018 term loan, which resulted in interest savings of $2.4 million in 2021.

Houston-based Tellurian develops a portfolio of natural gas production, LNG trading and infrastructure, which include a roughly 27.6 million-tonne-per-year LNG export facility and an associated pipeline.