10/01/2019 | Press release | Distributed by Public on 10/01/2019 12:49
October 1, 2019
Teekay Shuttle Tankers L.L.C. has mandated Danske Bank, DNB Markets, Nordea and Skandinaviska Enskilda Banken AB (publ) to arrange a series of fixed income investor meetings in Bergen, Helsinki, Stockholm and Oslo commencing on Wednesday October 2, 2019. Subject to inter alia market conditions, a up to USD 150 million senior unsecured Green Bond issue may follow. Teekay Shuttle Tankers' Green Bond Framework has a second opinion from CICERO and has received a CICERO Light Green shading. The proceeds from the potential bond issue will be used in accordance with Teekay Shuttle Tankers' Green Bond Framework to partially fund the E-Shuttle newbuild series under construction.
MiFID II professionals/ECPs/Retail/No PRIIPs KID - Manufacturer target market (MiFID II product governance) is eligible counterparties, professional clients and retail clients (all distribution channels). No PRIIPs key information document (KID) has been prepared as not deemed within scope.
For further information, please contact Jan Rune Steinsland (CFO) at +47 970 52 533 or Terje Selle Rundberg (Finance Director) at + 47 959 69 093
About Teekay Shuttle Tankers L.L.C.
Teekay Shuttle Tankers L.L.C. is a leading owner and operator of shuttle tankers. Teekay Shuttle Tankers L.L.C. (Teekay Shuttle Tankers) and its subsidiaries was formed in July 2017 by Teekay Offshore Holdings L.L.C., a 100% owned subsidiary of Teekay Offshore Partners L.P, an international midstream services provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry focusing on deep-water offshore oil regions of the North Sea, Brazil and the East Coast of Canada, to expand its operations in the shuttle tanker shipping segment. Teekay Shuttle Tankers is an integral part to an oil company's value chain as a shuttle tanker is a specialized ship designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries.