Teekay LNG Partners mandates banks to arrange Fixed Income Investor Call
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) has mandated DNB Markets and Nordea as Global Coordinators and Joint Bookrunners and Danske Bank and Swedbank as Joint Bookrunners to arrange a Fixed Income Investor Call on Tuesday 21 August 2018. Subject to inter alia market conditions, a NOK-denominated senior unsecured bond issue with a five-year tenor may follow, the company announces in its press release.
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.
About Teekay LNG
Teekay LNG Partners is one of the world’s largest independent owners and operators of LNG carriers, providing LNG, LPG and crude oil marine transportation services primarily under long-term, fixed-rate charter contracts through its interests in 49 LNG carriers (including nine newbuildings), 29 LPG/Multigas carriers and four conventional tankers. The Partnership’s interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal, which is currently under construction. Teekay LNG Partners L.P. is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE:TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.
