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Teekay LNG Partners LP 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Unit

By: ,

Date Issued  10/16/2017

Shares Issued   6,000,000      Overallotment Shares  900,000

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   TGP-B        OTC Temporary Ticker  TKYYF

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2018

Quarterly Dividend   .531   Annual Dividend   2.125

Securities may be redeemed, at the issuers option, as early as 10/15/2027  the call price is $25 plus accrued dividends

After 10/15/2027 the coupon will float at 3 month Libor plus 6.241%

Dividend Payment will NOT be Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Teekay LNG Partners

Click here for the offering Prospectus and/or Final Pricing Document

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