PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, March 31, 3:11 AM
| This Slide: #289 of 609 |
Slide #289. Teekay LNG Partners L.P. — Preferred Stock Offering
Company:
Teekay LNG Partners L.P. (TGP)
Date announced:
9/28/2016
Shares Offered:
5,000,000
Date of Pricing:
9/28/2016
Price Per Share:
$25.00
Preferred Stock Offering Details:
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announced today that it plans to offer Series A Cumulative Redeemable Perpetual Preferred Units (Series A Preferred Units), representing limited partner interests, in a public offering. Teekay LNG expects to grant the underwriters a 30-day option to purchase additional Series A Preferred Units. The Partnership expects to use the net proceeds from the public offering for general partnership purposes, which may include debt repayments or funding installment payments on future newbuilding deliveries.
Teekay LNG Partners is an international provider of marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG). Co. focuses on servicing its customers through its fleet of LNG and LPG carriers under medium to long-term, fixed-rate charters. Co. has two reportable segments, the LNG segment and the LPG segment. Co.'s LNG segment consists of LNG carriers which generally operate under long-term, fixed-rate charters to international energy companies. Co.'s LPG segment consists of LPG and multi-gas carriers which generally operate under voyage charters or time-charters.
Open the TGP Page at Preferred Stock Channel »
|
|||||||||
|
|
Open the TGP Page at Preferred Stock Channel (in a new window) »
 Free TGP Email Alerts:
Get Dividend Alerts 
Get SEC Filing Alerts
|
Avg. Broker Rec.
 
|
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
|
|
