By Paul A. Harris
Portland, Ore., Jan. 18 - Teekay Offshore Partners LP announced in a Wednesday press release that it has issued NOK 600 million of five-year senior bonds.
The size of the Rule 144A and Regulation S deal came in the middle of the anticipated NOK 500 million to NOK 700 million range.
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.
The company has applied to have the bonds listed on the Oslo Stock Exchange.
| Issuer: | Teekay Offshore Partners LP
|
| Amount: | NOK 600 million
|
| Maturity: | January 2017
|
| Securities: | Senior bonds
|
| Arrangers: | DnB Markets and Nordea Markets
|
| Expected settlement: | Late January
|
| Distribution: | Rule 144A and Regulation S
|
| Expected listing: | Oslo Stock Exchange
|
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