|
| Home : Teekay Offshore Announces $60 Million Equity Private Placement |
|
Apr 17
2013 |
Teekay Offshore Announces $60 Million Equity Private Placement |
|
HAMILTON, BERMUDA--(Marketwired - April 16, 2013) - Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO), announced today that it intends to issue approximately 2.06 million common units in a private placement to an institutional investor for proceeds of approximately $60 million (excluding its general partner's proportionate capital contribution). The Partnership intends to use the proceeds from the sale of common units to partially fund its previously announced acquisition of four newbuilding shuttle tankers that are scheduled for deliveries throughout 2013, and for general partnership purposes. The transaction is expected to be completed by Friday, April 19, 2013. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1779523&sourceType=3 |
| |
|
Related News
|
» Slingbox Makes Perfect Gifts For Grads And Dads
» Bengal Energy Ltd. Announces Closing of Brokered Private Placement
|
|
|
