Teekay LNG Partners plans to offer 4.6 million common units in a public offering which could help fund future vessel acquisitions and newbuilding deliveries.
The LNG focused subsidiary of Teekay Corporation is set to grant the underwriters a 30-day option to buy up to an additional 690,000 shares.
Teekay LNG’s units will trade on the New York Stock Exchange under the ticker TGP.
UBS
