Teekay Offshore Announces $45 Million Equity Private Placement
(Thomson Reuters ONE) -
HAMILTON, BERMUDA--(Marketwire - July 13, 2012) - Teekay Offshore GP L.L.C., the
general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the
Partnership) (NYSE: TOO), announced today that it has issued approximately 1.7
million common units in a private placement to a group of institutional
investors for proceeds of approximately $45 million (excluding its general
partner's proportionate capital contribution). The Partnership intends to use
the proceeds from the sale of common units to partially fund its previously
announced acquisition of four newbuilding shuttle tankers that are scheduled to
deliver in mid-2013. The institutional investors participating in the private
placement are funds managed by Salient Capital Advisors, LLC, ClearBridge
Advisors, LLC and Harvest Fund Advisors LLC.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The securities offered have
not been registered under the U.S. Securities Act of 1933, as amended, or any
other securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
About Teekay Offshore
Teekay Offshore Partners L.P. is an international provider of marine
transportation, oil production and storage services to the offshore oil industry
focusing on the fast-growing, deepwater offshore oil regions of the North Sea
and Brazil. Teekay Offshore owns interests in 40 shuttle tankers (including four
chartered-in vessels and four committed newbuildings), three floating
production, storage and offloading (FPSO) units, five floating storage and
offtake (FSO) units and nine conventional oil tankers. In addition, Teekay
Offshore has rights to participate in certain other FPSO and shuttle tanker
opportunities provided by Teekay Corporation (NYSE: TK) and Sevan Marine ASA
(OSLO: SEVAN). The majority of Teekay Offshore's fleet trades on long-term,
stable contracts and it is structured as a publicly-traded master limited
partnership (MLP).
Teekay Offshore's common units trade on the New York Stock Exchange under the
symbol "TOO".
Contact Information
Contacts:
Teekay Offshore Partners L.P.
Kent Alekson
Investor Relations Enquiries
+1 (604) 609-6442
www.teekayoffshore.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 Offshore Partners L.P. via Thomson Reuters ONE
[HUG#1626698]
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2012 - 15:57 Uhr
Sprache: Deutsch
News-ID 165227
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Kategorie:
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