Teekay LNG Partners L.P. Announces $40 Million Equity Private Placement
(Thomson Reuters ONE) -
HAMILTON, BERMUDA--(Marketwired - July 30, 2013) - Teekay GP LLC., the general
partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE: TGP),
announced today that it has issued approximately 0.93 million common units in a
private placement to an institutional investor for proceeds of approximately $40
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 order of two fuel-efficient liquefied
natural gas (LNG) carrier newbuildings ordered in July 2013, scheduled for
delivery in 2016, and for general partnership purposes.
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 LNG Partners L.P.
Teekay LNG Partners L.P. 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 31 LNG carriers (including
one LNG regasification unit and four newbuildings), 29 LPG/Multigas carriers
(including five chartered-in LPG carriers and eight newbuildings) and 11
conventional tankers. The Partnership's interests in these vessels ranges 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".
FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements (as defined in Section 21E of
the Securities Exchange Act of 1934, as amended) which reflect management's
current views with respect to certain future events and performance, including
statements regarding: the timing of delivery of the two fuel-efficient LNG
carrier newbuildings. The following factors are among those that could cause
actual results to differ materially from the forward-looking statements, which
involve risks and uncertainties, and that should be considered in evaluating any
such statement: potential delay in newbuilding deliveries; and other factors
discussed in Teekay LNG's filings from time to time with the SEC, including its
Report on Form 20-F for the fiscal year ended December 31, 2012. The Partnership
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to
reflect any change in the Partnership's expectations with respect thereto or any
change in events, conditions or circumstances on which any such statement is
based.
Contact Information
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#1720015]
Unternehmensinformation / Kurzprofil:
Datum: 31.07.2013 - 04:51 Uhr
Sprache: Deutsch
News-ID 283259
Anzahl Zeichen: 4399
contact information:
Town:
Hamilton
Kategorie:
Business News
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