By Devika Patel
Knoxville, Tenn., April 18 - Teekay LNG Partners LP amended the terms of a $50 million private placement of its common units with subsidiary Teekay LNG Finance Corp., according to a prospectus supplement filed Friday with the Securities and Exchange Commission. The deal was announced in an SEC prospectus supplement on Wednesday.
Both supplements were for an offering of 5 million common units with a greenshoe of up to 750,000 additional common units. The private placement is conditional upon closing of this public offering.
In Friday's supplement, the company priced the units at $28.75 per unit in both offerings. It said it planned to sell 1,739,130 units to the subsidiary.
In Wednesday's supplement, the company had said it would sell 1,700,680 common units to the subsidiary at $29.40 apiece.
Based in Nassau, the Bahamas, Teekay LNG Partners provides liquefied natural gas and crude oil marine transportation services.
| Issuer: | Teekay LNG Partners LP
|
| Issue: | Common units
|
| Amount: | $50 million
|
| Units: | 1,739,130
|
| Price: | $28.75
|
| Warrants: | No
|
| Investor: | Teekay LNG Finance Corp
|
| Pricing date: | April 16
|
| Amended: | April 18
|
| Stock symbol: | NYSE: TGP
|
| Stock price: | $29.40 at close April 15
|
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