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Teekay Corporation (TK)

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2.2100-0.0400 (-1.78%)
At close: 4:00PM EDT

2.2400 +0.03 (1.36%)
After hours: 5:07PM EDT

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  • GlobeNewswire

    Teekay Group Joins United Nations Global Compact, the World’s Largest Corporate Sustainability Initiative

    HAMILTON, Bermuda, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced that they have joined the United Nations Global Compact, the world's largest corporate sustainability initiative. The United Nations Global Compact calls for companies to align their operations and strategies with ten universal principles in the areas of human rights, labor, environment, and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs).“We are proud to join the UN Global Compact, reinforcing our group’s deep, long-standing commitment to responsible safety and environmental practices,” commented Kenneth Hvid, Teekay’s President and CEO. “We are fully committed to further advancing sustainability and responsible business practices in order to meet the growing expectations of our stakeholders and global society as a whole. We look forward to continue reporting on our annual progress to support the UN Global Compact principles.”Teekay is joining more than 11,000 companies in almost 160 countries worldwide that have committed to making the UN Global Compact and its principles part of their strategy, culture, and day-to-day operations. Earlier this year, the Teekay Group published its 2019 Sustainability Report. For more information about Teekay’s commitment to sustainability, visit www.teekay.com.About TeekayTeekay is a leading provider of international crude oil and gas marine transportation services and also provides offshore production. Teekay provides these services primarily through its directly-owned fleet and its controlling ownership interests in Teekay LNG Partners L.P. (NYSE:TGP), one of the world’s largest independent owners and operators of LNG carriers, and Teekay Tankers Ltd. (NYSE:TNK), one of the world’s largest owners and operators of mid-sized crude tankers. The consolidated Teekay entities manage and operate total assets under management of approximately $10 billion, comprised of approximately 140 liquefied gas, offshore, and conventional tanker assets. With offices in 10 countries and approximately 5,500 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies.Teekay’s common stock is listed on the New York Stock Exchange where it trades under the symbol “TK”.About Teekay LNGTeekay LNG is one of the world’s largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. Teekay LNG’s ownership interests in these vessels range from 20 to 100 percent. In addition, Teekay LNG owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.Teekay LNG’s common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively.About Teekay TankersTeekay Tankers currently has a fleet of 52 double-hull tankers (including 26 Suezmax tankers, 17 Aframax tankers and nine LR2 product tankers), and also has four time chartered-in tankers. Teekay Tankers’ vessels are typically employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading. Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a 50 percent-owned joint venture. In addition, Teekay Tankers owns a ship-to-ship transfer business that performs full service lightering and lightering support operations in the U.S. Gulf and Caribbean. Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.Teekay Tankers’ Class A common stock trades on the New York Stock Exchange under the symbol “TNK.”For Investor Relations enquiries contact:Ryan Hamilton Tel: +1 (604) 609-2963 Website: www.teekay.com

  • GlobeNewswire

    Teekay LNG Partners Declares Distributions on Series A and B Preferred Units

    HAMILTON, Bermuda, Sept. 18, 2020 (GLOBE NEWSWIRE) -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions of $0.5625 per unit on the Partnership’s Series A preferred units (NYSE:TGP PR A) and $0.5313 per unit on the Partnership’s Series B preferred units (NYSE:TGP PR B) for the period from July 1, 2020 to September 30, 2020. The cash distributions are payable on October 15, 2020 to all unitholders of record as at September 30, 2020.  Teekay LNG’s preferred unit distributions are reported on Form 1099 for United States tax purposes.About Teekay LNGTeekay LNG is one of the world’s largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. The Partnership’s ownership interests in these vessels range from 20 to 100 percent. In addition, the Partnership owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.Teekay LNG Partners’ common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively.For Investor Relations enquiries contact:Ryan Hamilton Tel: +1 (604) 609-2963 Website: www.teekay.com

  • GlobeNewswire

    Teekay LNG Partners Completes Norwegian Bond Offering

    HAMILTON, Bermuda, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announces that it has priced NOK 1,000 million in new senior unsecured bonds that mature in September 2025 in the Norwegian bond market. The new bond issuance, which was significantly oversubscribed, has an aggregate principal amount equivalent to approximately USD 112 million and all payments will be swapped into a U.S. dollar fixed-rate coupon of approximately 5.74%. Teekay LNG expects to close the bond offering on September 2, 2020, subject to customary closing conditions. The net proceeds from the bonds are expected to be used for general partnership purposes. Teekay LNG will apply for listing of the new bonds on the Oslo Stock Exchange. DNB Markets and Nordea acted as Global Coordinators and Joint Bookrunners; and Credit Agricole Corporate and Investment Bank, Danske Bank, SEB, Swedbank and Arctic Securities acted as Joint Bookrunners.This press release is neither an offer to sell nor a solicitation of an offer to buy any of the bonds or any other security of Teekay LNG. The bonds have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or any state securities laws. Unless so registered, the bonds may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.The statements in this press release that are not historical facts may be forward-looking statements, and involve risks and uncertainties that could cause the outcome to be materially different. Teekay LNG undertakes no obligation to revise or update any forward looking statements, unless required to do so under applicable securities laws.About Teekay LNGTeekay LNG is one of the world’s largest independent owners and operators of LNG carriers, providing LNG and LPG services primarily under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size LPG carriers, and seven multi-gas carriers. Teekay LNG’s ownership interests in these vessels range from 20 to 100 percent. In addition, Teekay LNG owns a 30 percent interest in a regasification terminal. Teekay LNG is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors.Teekay LNG’s common units and preferred units trade on the New York Stock Exchange under the symbols “TGP”, “TGP PR A” and “TGP PR B”, respectively.For Investor Relations enquiries contact:Ryan Hamilton Tel: +1 (604) 609-2963 Website: www.teekay.com