Teekay LNG has secured $640m in financing for four of its LNG carrier newbuildings through sale-and-leaseback deals that are helping Wall Street grow more comfortable with the shipowner's ability to return to prior dividend levels.
The deals by the New York-listed spinoff Vancouver-based Teekay cover two MEGI LNG carriers and two half-owned ARC7 Ice Class newbuildings dedicated to the Yamal LNG project in Russia.
