Teekay LNG Contemplates Norwegian Bond Issuance

Teekay-LNG

Teekay LNG Partners L.P. announces that it intends 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 net proceeds from the bonds are expected to be used for refinancing of existing bonds and/or general partnership purposes, which may include funding installment payments on future newbuilding deliveries.

A portion of the bonds may be offered in the United States to qualified institutional investors (or QIBs) as defined in Rule 144A of the U.S. Securities Act of 1933 (the Securities Act) concurrently with bonds offered outside of the United States pursuant to Regulation S of the Securities Act.

Danske Bank Markets, DNB Markets, Nordea and Swedbank Norway have been appointed as Joint Lead Managers of the contemplated bond issuance.

LEAVE A COMMENT

×

Comments are closed.