Teekay Corporation has lowered its note offering by $50m as it looks to push its debt maturities back.
The New York-traded tanker and gas player announced it would offer $250m in 9.25% senior secured notes due November 2022, instead of the $200m due 2024, as announced 24 April.
The notes, along with the $100m Teekay received from selling its stake in Teekay Offshore Tuesday, plus $160m in cash, will still be used to buy back the $497.7m
