From Earlier: Teekay LNG Contemplates Norwegian Bond Issuance
Teekay LNG Partners L.P. (NYSE: TGP) announces that it intends to issue 500-700 million NOK in new senior unsecured bonds in the Norwegian bond market that mature in May 2017 which, at current conversion rates, have an aggregate principal amount equivalent to approximately USD 85-120 million. The proceeds of the bonds are expected to be used for general partnership purposes. Teekay LNG expects to apply for listing of the bond on the Oslo Stock Exchange.
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.
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