Teekay LNG revealed details of a $60m loan facility backed by three suezmax crude tankers.
The financing was provided by two units of Canada's Bank of Nova Scotia, or Scotiabank, according to the full loan agreement filed with the US Securities & Exchange Commission (SEC).
Teekay LNG will pay 12 quarterly payments of nearly $2.38m followed by a $31.5m balloon payment at the end of the three-year loan.
The
