Teekay Offshore Partners Announces $100 Million FPSO Fleet Refinancing
May 01 2019 - 4:30PM
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership)
(NYSE:TOO) announced today that it has secured a new $100 million
revolving credit facility for the Piranema Spirit, Voyageur Spirit,
and Petrojarl Varg FPSO units. The previous credit facility matured
at the same time with a balloon payment of $35 million. The new
facility is funded by commercial banks and bears interest at LIBOR
+ 300 basis points with a three-year tenor and a profile of 5.5
years.
About Teekay Offshore
Teekay Offshore Partners L.P. is a leading
international midstream services provider to the offshore oil
production industry, primarily focused on the ownership and
operation of critical infrastructure assets in offshore oil regions
of the North Sea, Brazil and the East Coast of Canada. Teekay
Offshore has consolidated assets of approximately $5.3 billion,
comprised of 60 offshore assets, including floating production,
storage and offloading (FPSO) units, shuttle tankers (including six
newbuildings), floating storage and offtake (FSO) units,
long-distance towing and offshore installation vessels, and a unit
for maintenance and safety (UMS). The majority of Teekay Offshore’s
fleet is employed on medium-term, stable contracts.
Teekay Offshore's common units and preferred
units trade on the New York Stock Exchange under the symbols "TOO",
"TOO PR A", "TOO PR B" and “TOO PR E”, respectively.
For Investor Relationsenquiries
contact:
Ryan HamiltonTel: +1 (604) 609-2963Website:
www.teekay.com
Teekay Offshore Partners (NYSE:TOO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Teekay Offshore Partners (NYSE:TOO)
Historical Stock Chart
From Sep 2023 to Sep 2024