Teekay Offshore Partners (TOO) To Offer 6.5M Units

July 29, 2009 5:17 PM EDT

Teekay Offshore Partners L.P. (NYSE: TOO) plans to offer 6,500,000 common units, representing limited partner interests, in a public offering. Teekay Offshore expects to grant the underwriters a 30-day option to purchase an additional 975,000 common units to cover over-allotments, if any. The Partnership expects to use the net proceeds from the public offering to repay amounts outstanding on one of its revolving credit facilities.


Related Categories

Equity Offerings

Stocks Mentioned

TOO 29.56

-0.03 -0.10%
Volume: 98,884
Track TOO


Add Your Comment





Follow StreetInsider.com On Twitter