• 2018 July 12 16:17

    Teekay Offshore Partners announces expiration, final results of tender offer for its senior notes due 2019

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced, with its wholly-owned subsidiary, Teekay Finance Corp. (Finance Corp. and, together with the Partnership, the Issuers), the expiration and final tender results of their previously announced cash tender offer and related consent solicitation (the Offer) to purchase any and all of their outstanding $300 million in aggregate principal amount of 6.00% Senior Notes due 2019 (the Notes). The Offer expired at 11:59 p.m., New York City time, on July 10, 2018 (the Expiration Time), the Company said in its media release.

    The Issuers previously accepted for purchase $222,029,000 in aggregate principal amount of Notes that were validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on July 2, 2018 (the Early Tender and Consent Date), and paid for such Notes on July 3, 2018. Additional tenders were received after the Early Tender and Consent Date but at or prior to the Expiration Time from holders of Notes representing approximately $205,000 in aggregate principal amount of Notes (the Tendered Notes). On July 11, 2018, the Issuers accepted for purchase all Tendered Notes for an aggregate payment of approximately $206,400. Consequently, as of July 11, 2018, the total aggregate principal amount of Notes tendered and cancelled under the Offer was $222,234,000.

    The Offer was made pursuant to the terms and conditions contained in the Offer to Purchase and Consent Solicitation Statement, dated as of June 12, 2018 and the related letter of transmittal, copies of which may be requested from the Depositary and Information Agent for the Offer, Global Bondholder Services Corporation, by telephone at (866) 470-3900 or (212) 430-3774 (for eligible institutions only).

    Persons with questions regarding the Offer should contact the Dealer Manager and Solicitation Agent for the Offer, Citigroup Global Markets Inc., at 388 Greenwich Street, 7th Floor, New York, New York 10013, Attn: Liability Management Group, (800) 558-3745 (U.S. Toll-Free) or (212) 723-6106 (Collect).

    This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    About Teekay Offshore
    Teekay Offshore Partners L.P. is a leading international midstream services provider to the offshore oil production industry, focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 62 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers, floating storage and offtake (FSO) units, long distance towing and offshore installation vessels, a floating accommodation unit (FAU), and conventional tankers. The majority of Teekay Offshore’s fleet is employed on medium-term, stable contracts.




2019 January 15

18:18 WMU investigated how the global transport industry will change as a result of automation and advanced technologies
17:52 ASCO Training Center achieved all targets set for 2018
17:27 Sovcomflot provides technical management for Marshal Vasilevskiy floating storage and regasification unit
17:00 Throughput of port Shanghai (China) climbed by 0.07% to 561.29 million tonnes in 2018
15:59 Bunker prices continue going down at the Far East ports of Russia (graph)
15:04 Equinor uses technical expertise from LR to lead a safety study assessment for significant offshore project in Brazil
14:44 Container throughput of port Hong Kong (China) down 5.4% to 19.64 million TEUs in 2018
14:21 ONE achieves container loading records in two consecutive weeks by “MOL TRUST” and “MOL TRADITION”
14:00 Port of Klaipeda (Lithuania) handled 46.58 million tonnes of cargo in 2018, up 7.3% Y-o-Y
13:36 Turnover of DeloPorts’ terminals in 2018 increased by 13% Y-o-Y to 8.7 mln tonnes
13:12 Havyard merges its navigation, automation and power systems services into one brand
12:53 Order portfolio of Zvezda Shipbuilding Complex grew by 42% in IIH’2018
12:30 ABS grants AIP for Neptun’s wind turbine transport vessel
12:01 ZIM’s blockchain based B/L’s initiative: the next phase
11:43 9 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on January 14-15
11:29 Jan De Nul enters into concession agreement with the Government of Bangladesh for the dredging of Payra Port
11:20 CDP, Fincantieri and Snam team up to innovate port facilities in Italy and develop sustainable technologies for maritime transport
10:37 Black Sea Fleet trains for new exercises of Depth 2019 contest
10:04 Brent Crude futures price up 1.19% to $59.7, Light Sweet Crude – up 1.27% to $51.13
09:42 Icebreakers of FSUE Rosmorport assisted 2,026 ships in navigation season 2018-2019
09:19 Baltic Dry Index is down to 1,147 points

2019 January 14

18:00 EU, China and the U.S. needs to support counter-piracy operations in the Gulf of Guinea – BIMCO
17:38 Port of Singapore throughput in 2018 grew by 0.4% Y-o-Y to 630.03 million tonnes
17:06 The new Kvarken ferry will be built in Raumo
16:30 Hapag-Lloyd announces Marine Fuel Recovery Surcharges for North Europe
16:00 Full ban on open-loop scrubbers not yet imposed in China
15:36 China adopted new regulations concerning reporting of fuel consumption
15:12 ABP strengthens business with new steel contract at the Port of Immingham
14:47 ABP: £250m to keep Britain trading through Brexit
14:20 PIL adds Itajai call to Sino South America Service (SSA)
13:59 Average wholesale prices for М-100 HFO up to RUB 13,924 in RF spot market
13:35 Russian Railways: Loading of export cargo bound for domestic ports up 4.5% to 306.5 million tonnes in 2018
13:13 Color Line expands Kiel – Oslo cargo capacity
12:54 Posidonia 2020 promises to be the largest and most versatile in its 50 year history
12:32 IMO helps Member States with sustainability targets
12:11 Crowley’s LNG-fueled ConRo MV Taíno completes maiden voyage to Puerto Rico
11:50 IMO holds training on maritime counter-terrorism measures in Viet Nam
11:31 ICTSI flagship gets eco-friendly RTGs
11:08 Cai Mep Terminal receives world’s large container ship
10:44 4 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on January 13-14
10:21 Cargo turnover at the terminals of the Freeport of Ventspils increased in 2018
09:58 Brent Crude futures price down 0.94% to $59.91, Light Sweet Crude – down 0.95% to $51.11
09:40 Throughput of port Helsinki (Finland) in 2018 grew by 3.3% Y-o-Y to 14.71 million tonnes
09:19 Baltic Dry Index is down to 1,169 points

2019 January 13

17:04 Number of ships sailing with Selektope®-powered antifouling coatings set to double in 2019
16:29 Finnish shipbuilder RMC inks LoI for a new car and passenger ferry
15:24 Crowley’s LNG-fueled ConRo MV Taíno completes maiden voyage to Puerto Rico
14:21 SEACOR Marine expands its fleet with three FSVs
13:29 Union Cabinet approves MoU on maritime issues between India and Denmark
11:25 Unified command completes Hurricane Michael response

2019 January 12

20:18 Boskalis signs multi-year subsea services contract in Middle East
17:04 Hapag-Lloyd announces MFRS for North Europe
15:49 Turner Iceni purchases two vessels to provide services to offshore renewables sector
14:37 Captain Jeff Dixon takes over as President of TOTE Services
13:11 CONCOR commenced 1st voyage of coastal movement from Kandla to Tuticorin Port via Mangalore & Cochin Port
11:24 Coast Guard suspends search for two people near Mobile Bay, Alabama

2019 January 11

18:27 Throughput of Russian seaports in 2018 grew by 3.8% to 816.46 million tonnes
18:06 Canaveral Port Authority awards $108.5m contracts for construction of new Cruise Terminal 3 project
17:51 WMU announces new COO and VP Academic
17:30 UPM is tendering for a pulp terminal in Montevideo deep sea port in Uruguay