Skip to main content

Teekay contemplates Norwegian bond issuance

Published by
LNG Industry,


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/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 

Polyisocyanurate vs. cellular glass

Johns Mansville looks at the differences between polyisocyanurate (PIR) and cellular glass insulations and discusses which one is better for LNG pipe insulation applications.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG carrier news