Teekay contemplates Norwegian bond issuance

Published by David Rowlands, Editor
LNG Industry, Monday, 23 January 2017 09:00

Teekay LNG Partners LP has announced that it is planning to issue new senior unsecured bonds in the Norwegian bond market through an add-on to its existing Norwegian bonds due in October 2021.

The company claims that it is expected that the net proceeds from the bonds will be used to refinance existing bonds and/or general purposes (this may include funding instalment payments on future newbuilding deliveries).

In the statement, Teekay states that a portion of the bonds may be offered to the US to qualified institutional investors (QIBs) as defined in Rule 144A of the US Securities Act of 1993 concurrently with bonds offered outside of the US pursuant to Regulation S of the Securities Act.

Read the article online at: https://www.lngindustry.com/lng-shipping/23012017/teekay-contemplates-norwegian-bond-issuance/

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