US-listed Teekay Offshore Partners has secured a new $414m debt facility to fund four LNG-fuelled shuttle tanker newbuildings.
The company said long-term financing covers the suezmax DP2 vessels due in 2019 and 2020.
Two of these will work for Norway's Equinor under its master agreement, while the others will join its contract of affreightment fleet in the North Sea.
The new facility is funded and guaranteed by both Canadian and Norwegian export credit agencies, as well as commercial banks.
