Teekay Offshore Partners LP 8.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By: ,

Date Issued   1/14/2018

Shares Issued  4,600,000  Overallotment Shares  690,000

S&P Rating  NR   Moodys Rating  NR


Security Ticker Symbol   TOO-E     Temp OTC Ticker  TEOZF

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of February, May, August and November beginning on 5/15/2018

Quarterly Dividend   .555   Annual Dividend   2.22

Securities may be redeemed, at the issuers option, as early as 02/15/2025 for a redemption price of $25/share plus accrued dividends


After 2/15/2025 distributions will be paid at a floating rate of 3 month libor plus 640.7 basis points (6.407%)

Dividend Payment Will Likely be Qualified Distributions

Maturity Date   None
Company Investor Relations Page for Teekay Offshore

Click Here to find final pricing documents

NOTE Teekay Offshore issues 1099’s (not K-1’s)

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