Published on 7/15/2010 in the Prospect News PIPE Daily.
New Issue: Teekay LNG Partners plans $50 million direct offering of common units
By Devika Patel
Knoxville, Tenn., July 15 - Teekay LNG Partners LP will raise $50 million in a direct offering of common units, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The company will sell 1,713,502 common units at $29.18 apiece.
Based in Nassau, the Bahamas, Teekay LNG Partners provides liquefied natural gas and crude oil marine transportation services.
| Issuer: | Teekay LNG Partners LP
|
| Issue: | Common units
|
| Amount: | $50 million
|
| Units: | 1,713,502
|
| Price: | $29.18
|
| Warrants: | No
|
| Pricing date: | July 15
|
| Stock symbol: | NYSE: TGP
|
| Stock price: | $32.02 at close July 15
|
| Market capitalization: | $1.68 billion
|
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