TGP’sgeneral partner, Teekay GP LLC., said it has issued about 930,000 common sharesin a private placement to an institutional investor.
Theproceeds will go towards the newbuilding options exercised at Daewoo Shipbuilding& Marine Engineering earlier this month.
Thetwo 173,400-cbm ships are due for delivery in 2016. They are in addition to the twoLNG carriers ordered from Daewoo in late 2012
At thetime the options were exercised TGP said it intended to initially finance the installmentpayments during construction using a portion of its existing liquidity, and expectsto secure long-term debt financing for the two newbuildings prior to their deliveries.
TGP
