Teekay LNG Completes 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 has issued NOK
700 million in senior unsecured bonds maturing in May 2017 in the Norwegian bond
market. The aggregate principal amount of the bonds is equivalent to
approximately 120 million U.S. dollars (USD) and all interest and principal
payments will be swapped into USD. The proceeds of the bonds, which will be
available to the Partnership upon settlement in early-May 2012, are expected to
be used for general partnership purposes. Teekay LNG will apply for listing of
the bonds on the Oslo Stock Exchange.
Pareto Securities acted as Lead Manager, and Swedbank First Securities as Co-
Manager of the 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, which include
statements involving the contemplated bond offering, involve risks and
uncertainties that could cause the outcome to be materially different. These
risks and uncertainties include, but are not limited to, the possibility that
the bond issuance may not be completed in the aggregate principal amount
contemplated, or at all, and 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#1603462]
Unternehmensinformation / Kurzprofil:
Datum: 17.04.2012 - 23:09 Uhr
Sprache: Deutsch
News-ID 136198
Anzahl Zeichen: 3730
contact information:
Town:
Hamilton
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 204 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Teekay LNG Completes Norwegian Bond Issuance"
steht unter der journalistisch-redaktionellen Verantwortung von
Teekay LNG Partners L.P. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
