Teekay Corp priced its underwritten public offering of common stock that would see it raise $112m from shareholders.
The New York-listed company sold 10 million shares at $9.75 a piece, a 9% discount to Tuesday's closing price. Underwriters were also granted an option to purchase another 1.5 million shares.
The common share offering coincides with an private offering of convertible senior notes due 2023.
