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HAMILTON, BERMUDA--(Marketwired - Nov. 6, 2015) - Teekay Corporation (Teekay or the Company) (NYSE:TK) announced today that it intends to commence a private offering to eligible purchasers, subject to market conditions, of $200 million aggregate principal amount of the Company's 8.5% Senior Notes due 2020 (the "Notes"). The Notes will be an additional issuance of the Company's outstanding 8.5% Senior Notes due 2020, which were issued on January 27, 2010 (the "Original Notes"). The Notes will be issued under the same indenture governing the Original Notes, but will not be fungible with the Original Notes unless and until such time as the Notes are exchanged for additional Original Notes pursuant to the terms of a registration rights agreement. |
