Teekay Offshore plans to sell up to NOK 700 million five-year notes

By Paul A. Harris

Portland, Ore., Jan. 17 - Teekay Offshore Partners LP announced in a Monday press release that it plans to sell between NOK 500 million and NOK 700 million of five-year senior bonds via Rule 144A and Regulation S.

DnB Nor Markets and Nordea Markets are the bookrunners.

The Hamilton, Bermuda-based master limited partnership plans to use the proceeds for general partnership purposes.

The partnership was formed by Teekay Corp., an international provider of marine transportation, oil production and storage services.

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