Teekay refinances with new $225 million two-year facility

By Sarah Lizee

Olympia, Wash., April 3 – Teekay LNG Partners LP refinanced with a new $225 million two-year facility, replacing its existing $225 million unsecured revolving credit facility scheduled to mature in November, according to a press release.

Pricing is consistent with the previous facility at Libor plus 140 basis points.

The new facility is with 13 major international banks, the company said.

Teekay is a Hamilton, Bermuda-based crude oil transporter.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.