Teekay LNG Contemplates Norwegian Bond Issuance
(Thomson Reuters ONE) -
HAMILTON, BERMUDA--(Marketwire - April 17, 2012) - Teekay LNG Partners L.P.
(Teekay LNG or the Partnership) (NYSE: TGP) announces that it intends to issue
500-700 million NOK in new senior unsecured bonds in the Norwegian bond market
that mature in May 2017 which, at current conversion rates, have an aggregate
principal amount equivalent to approximately USD 85-120 million. The proceeds of
the bonds are expected to be used for general partnership purposes. Teekay LNG
expects to apply for listing of the bond on the Oslo Stock Exchange.
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.
Pareto Securities has been appointed as Lead Manager, and Swedbank First
Securities has been appointed Co-Manager of the contemplated bond issuance.
This press release is neither an offer to sell nor a solicitation of an offer to
buy any of the bonds or any other security of Teekay LNG. The bonds have not
been and will not be registered under the Securities Act or any state securities
laws. Unless so registered, the bonds may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the
Securities Act and applicable state securities laws.
The statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks and
uncertainties that could cause the outcome to be materially different. These
risks and uncertainties include, but are not limited to, those discussed in
Teekay LNG's public filings with the U.S. Securities and Exchange Commission.
Teekay LNG undertakes no obligation to revise or update any forward-looking
statements, unless required to do so under the securities laws.
About Teekay LNG Partners L.P.
Teekay LNG Partners is the world's third largest independent owner and operator
of LNG vessels, providing LNG, LPG and crude oil marine transportation services
primarily under long-term, fixed-rate charter contracts with major energy and
utility companies through its interests in 27 LNG carriers (including one LNG
regasification unit), five LPG/Multigas carriers and 11 conventional tankers.
The Partnership's interests in these vessels range from 33 to 100 percent.
Teekay LNG Partners L.P. is a publicly-traded master limited partnership (MLP)
formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its
operations in the LNG and LPG shipping sectors.
Teekay LNG Partners' common units trade on the New York Stock Exchange under the
symbol "TGP".
Contacts:
Teekay LNG Partners L.P.
Kent Alekson
Investor Relations Enquiries
+1 (604) 609-6442
www.teekaylng.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Teekay LNG Partners L.P. via Thomson Reuters ONE
[HUG#1603125]
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 11:30 Uhr
Sprache: Deutsch
News-ID 135624
Anzahl Zeichen: 3766
contact information:
Town:
Hamilton
Kategorie:
Business News
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"Teekay LNG Contemplates Norwegian Bond Issuance"
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