By Devika Patel
Knoxville, Tenn., Oct. 9 – Teekay Shuttle Tankers LLC issued $125 million of five-year floating rate senior unsecured green bonds, according to a prospectus.
The notes bear interest at a floating rate equal to Libor plus 650 basis points.
SEB, Danske Bank, DNB and Nordea were joint lead managers.
Proceeds will be used in accordance with Teekay Shuttle Tankers’ green bond framework.
The company is a subsidiary of Teekay Offshore Partners LP, a Hamilton, Bermuda provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry.
| Issuer: | Teekay Shuttle Tankers LLC
|
| Issue: | Senior unsecured floating-rate green bonds
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| Amount: | $125 million
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| Maturity: | October 2024
|
| Bookrunners: | SEB, Danske Bank, DNB and Nordea
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| Coupon: | Libor plus 650 bps
|
| Settlement date: | Oct. 9
|
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