Teekay Corporation Completes Norwegian Bond Issuance
HAMILTON, BERMUDA -- (Marketwire) -- 09/28/12 -- Teekay Corporation (TK) (Teekay) (NYSE: TK) announces that it has issued NOK 700 million in senior unsecured bonds maturing in October 2015 in the Norwegian bond market. The aggregate principal amount of the bonds is equivalent to approximately USD 120 million and all interest and principal payments will be swapped into U.S. dollars. The proceeds of the bonds, which will be available to Teekay upon settlement in early-October 2012, are expected to be used for general corporate purposes. Teekay will apply for listing of the bonds on the Oslo Stock Exchange.
Nordea Markets and Pareto Securities acted as Joint Lead Managers of the bond issuance.
This press release is neither an offer to sell nor a solicitation of an offer to buy any of the bonds or any other security of Teekay. The bonds have not been and will not be registered under the Securities Act or any state securities laws. Unless so registered, the bonds may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements, which include statements involving the contemplated bond offering, involve risks and uncertainties that could cause the outcome to be materially different. These risks and uncertainties include, but are not limited to, the possibility that the bond issuance may not be completed in the aggregate principal amount contemplated, or at all, and those discussed in Teekay's public filings with the U.S. Securities and Exchange Commission. Teekay undertakes no obligation to revise or update any forward looking statements, unless required to do so under the securities laws.
About Teekay Corporation
Teekay Corporation is an operational leader and project developer in the marine midstream space. Through its general partnership interests in two master limited partnerships (MLPs), Teekay LNG Partners L.P. (NYSE: TGP) and Teekay Offshore Partners L.P. (NYSE: TOO), its controlling ownership of Teekay Tankers Ltd. (NYSE: TNK), and its fleet of directly-owned vessels, Teekay is responsible for managing and operating consolidated assets of over $11 billion, comprised of approximately 150 liquefied gas, offshore, and conventional tanker assets. With offices in 16 countries and approximately 6,400 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world's leading oil and gas companies, and its reputation for safety, quality and innovation has earned it a position with its customers as The Marine Midstream Company.
Teekay's common stock is listed on the New York Stock Exchange where it trades under the symbol "TK".
Contacts: Teekay Corporation Kent Alekson Investor Relations Enquiries +1 (604) 844-6654 www.teekay.com
Source: Teekay Corporation