• 2018 July 12 16:17

    Teekay Offshore Partners announces expiration, final results of tender offer for its senior notes due 2019

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced, with its wholly-owned subsidiary, Teekay Finance Corp. (Finance Corp. and, together with the Partnership, the Issuers), the expiration and final tender results of their previously announced cash tender offer and related consent solicitation (the Offer) to purchase any and all of their outstanding $300 million in aggregate principal amount of 6.00% Senior Notes due 2019 (the Notes). The Offer expired at 11:59 p.m., New York City time, on July 10, 2018 (the Expiration Time), the Company said in its media release.

    The Issuers previously accepted for purchase $222,029,000 in aggregate principal amount of Notes that were validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on July 2, 2018 (the Early Tender and Consent Date), and paid for such Notes on July 3, 2018. Additional tenders were received after the Early Tender and Consent Date but at or prior to the Expiration Time from holders of Notes representing approximately $205,000 in aggregate principal amount of Notes (the Tendered Notes). On July 11, 2018, the Issuers accepted for purchase all Tendered Notes for an aggregate payment of approximately $206,400. Consequently, as of July 11, 2018, the total aggregate principal amount of Notes tendered and cancelled under the Offer was $222,234,000.

    The Offer was made pursuant to the terms and conditions contained in the Offer to Purchase and Consent Solicitation Statement, dated as of June 12, 2018 and the related letter of transmittal, copies of which may be requested from the Depositary and Information Agent for the Offer, Global Bondholder Services Corporation, by telephone at (866) 470-3900 or (212) 430-3774 (for eligible institutions only).

    Persons with questions regarding the Offer should contact the Dealer Manager and Solicitation Agent for the Offer, Citigroup Global Markets Inc., at 388 Greenwich Street, 7th Floor, New York, New York 10013, Attn: Liability Management Group, (800) 558-3745 (U.S. Toll-Free) or (212) 723-6106 (Collect).

    This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    About Teekay Offshore
    Teekay Offshore Partners L.P. is a leading international midstream services provider to the offshore oil production industry, 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 is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 62 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers, floating storage and offtake (FSO) units, long distance towing and offshore installation vessels, a floating accommodation unit (FAU), and conventional tankers. The majority of Teekay Offshore’s fleet is employed on medium-term, stable contracts.




2018 November 15

16:30 Nevsky Shipyard launched dry cargo vessel of Project RSD59 «Pola Anfisa»
16:19 "K" Line takes delivery of coal carrier “SHONAI MARU” for JERA Trading
16:04 ICTSI names new APAC head
15:22 Meyer Turku starts construction of Carnival XL1
15:03 Port of Antwerp signs an agreement with Enabel
14:34 Throughput of Ukraine’s seaports in 10M’18 declined by 0.7% Y-o-Y to 108 million tonnes
14:03 Pavilion Energy and Novatek agree to strengthen their LNG partnership
14:00 Damen hands over four FCS 2610 vessels to Allianz during ADIPEC
13:36 ABS awards industry’s first offshore facility cyber security-ready notation to Sembcorp Marine
13:23 NOVATEK’s Board of Directors to be elected on 18 January 2019
13:00 Zvezda shipyard started serial manufacturing of Aframax-class tankers
12:39 Residents of Riga and the Port outline a common vision for the future
12:04 Singapore hosts 10th APEC Port Services Network (APSN) Port Connectivity Forum
11:48 Bunker prices are still high in the Far East ports of Russia (graph)
11:22 Sea Port of Saint-Petersburg’s allocations for its development programme totaled RUB 413.5 million in 9M’2018
11:03 NYK promotes decarbonization through exploratory design of NYK Super Eco Ship 2050
10:51 ABS and HHI pioneer Cyber Security standard for new vessels
10:25 Brent Crude futures price down 0.18% to $66, Light Sweet Crude – down 0.36% to $56.05
10:11 OOCL introduces new Asia – South Africa direct services
09:58 A.P. Moller – Maersk, CMA CGM, Hapag - Lloyd, MSC and Ocean Network Express plan to establish container shipping association
09:38 ASW Severomorsk of RF Navy's Northern Fleet completed a call to the Republic of Djibouti
09:16 Baltic Dry Index is down to 1,009 points

2018 November 14

18:37 Savannah achieves all-time record in October 2018
18:20 Sovcomflot concludes USD 149 million project credit facility with leading European banks
18:06 NYK and YLK jointly hold training program for staff from around the world
17:57 Organizers of “Dangerous cargoes: new transportation requirements” conference determined subjects to be discussed
17:36 Northwest Seaport Alliance adopts budget for 2019
17:07 DEME’s cutter suction dredger ‘Spartacus’ launched at the Royal IHC shipyard
17:06 Port of Rotterdam Authority wins 2018 ESPO Award
16:40 NIBULON’s fleet masters transportation of bulky cargo
16:38 Diana Shipping announces time charter contract for m/v Maia with Glencore
16:18 A.P. Moller - Maersk reports Q3 2018 results
15:48 1.348 million cbm to be dredged in Azov-Don River Basin this year
15:20 Stolt-Nielsen, Golar LNG and Höegh LNG announce joint $182 mln investment in Avenir LNG
14:56 World's most eco-friendly bulk carriers Viikki & Haaga operate in Baltic Sea
14:20 CHI Zhoushan is ready for LNG carrier repairs
13:37 DeloPorts published its operating results for Q3'2018
13:29 Damen Shiprepair Curaçao floating dock operational
13:15 Global Ship Lease announces new charter at increased rate
12:59 LUKOIL drilled second well in Eastern part of Yury Korchagin field
12:33 USC: aircraft carrier Admiral Kuznetsov to be out of repair on time
12:01 NYK introduces its initiatives of green bond
11:55 Clean water projects receive $3 mln from Long Beach Board of Harbor Commissioners
11:28 Navigation on Neva arms in Saint-Petersburg to close on November 15
10:45 IMO holds training for OSR officials in Myanmar
10:21 Brent Crude futures price down 0.29% to $65.28, Light Sweet Crude – down 0.45% to $55.44
10:02 GTT notified by Hyundai Heavy Industries for the tank design of a new LNG Carrier
09:59 STX receives AiP from LR for LNG-fuelled 50k dwt MR tanker
09:40 Bunker prices at the Port of Saint-Petersburg, Russia returned to September level (graph)
09:17 Baltic Dry Index is down to 1,064 points

2018 November 13

18:06 Navios Containers seeks to list on a U.S. stock exchange
17:53 BIMCO adopts 2020 bunker clauses
17:34 CMA CGM to revamp its CIMEX 2K2 service
17:11 Nevsky Shipyard takes part in «Transport of Russia» exhibition
16:56 NOVATEK shipped first LNG cargo to CNOOC
16:34 KOTUG and Petroconsult join forces to establish KOTUG PETRO Maritime (KPM)
16:20 Training on oil spill preparedness and response held for countries in eastern Africa
16:04 Diana Shipping announces the sale of a Panamax dry bulk vessel
15:55 Throughput of port Kavkaz in 10M’18 grew by 19% Y-o-Y to 42.6 million tonnes
15:34 Royal IHC wins KNVTS Ship of the Year for SCHELDT RIVER