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Teekay Tankers Ltd.
TNK announced today that it
has priced its follow-on public offering of 15,000,000 shares of
Class A common stock at $4.00 per share. The offering is expected to
close on February 13, 2012, subject to customary closing conditions.
Teekay Tankers has granted the underwriters a 30-day option to
purchase up to an additional 2,250,000 shares to cover any
over-allotments. The Company expects to use the net offering proceeds
to repay a portion of its outstanding debt under its revolving credit
facility.
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