New York-listed Teekay LNG will use any cash from offerings to help repay debt and fund working capital commitments, an SEC filing said.
In the past month, Teekay LNG has booked six Yamal newbuildings and purchased a slice of four newbuildings at China’s Hudong-Zhonghua Shipbuilding.
The Yamal order has already been backed by a $95m equity issue.
