Teekay LNG Partners has returned from the Norwegian bond market with fresh debt to pay for current bonds and business costs.
The Mark Kremin-led company has priced NOK 850m ($101m) in new senior unsecured bonds with a five-year tenor. Coupon payments will be made at 7.89%.
Teeaky LNG expects to close the "significantly oversubscribed" issuance on 29 August and apply for listing on the Oslo Stock Exchange.
