Seeking Alpha

Teekay LNG Partners files for 3M-unit public offering

  • Teekay LNG Partners (TGP) -4% AH after announcing plans for a public offering of 3M common units.
  • TGP intends to use the net proceeds to partially fund its acquisition of a second LNG carrier newbuilding from Awilco LNG and for general partnership purposes, which may include funding installment payments on future newbuilding deliveries and future vessel acquisitions.
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