Teekay Offshore is spending NOK 923.1m ($113m) on buying back Norwegian bonds as part of a new $700m notes issue at the same time as a key strategic investor upped its holding in the company.
Teekay Offshore said investors have tendered notes worth NOK 905m from the NOK 1bn series due in 2019.
It will pay NOK 1,020 per bond, or 102% of par value.
