Key Developments: Teekay Corp (TK)
37.37USD
23 May 2013
$-0.13 (-0.35%)
$37.50
$37.10
$37.40
$36.68
402,352
362,859
$39.12
$24.98
Latest Key Developments (Source: Significant Developments)
Teekay Corp Declares Cash Dividend
Teekay Corp announced that the Company declared a cash dividend on its common stock of $0.31625 per share for the quarter ended March 31, 2013. The cash dividend was paid on April 30, 2013 to all shareholders of record on April 16, 2013. Full Article
Sevan Marine ASA Transfers FPSO Voyageur Spirit and Shares in Sevan Production UK Limited to Teekay Corp's Voyageur LLC
Sevan Marine ASA announced that the restructuring, which commenced in 2011 and has been implemented under a step plan through 2011 and 2012, has been effected according to plan as the final element was completed with the delivery of FPSO Voyageur Spirit (the Unit) to Voyageur LLC, a subsidiary of Teekay Corp on May 2, 2013. Title to the Unit, together with all of the shares in the company's subsidiary Sevan Production UK Limited (SPUKL), was transferred by Sevan 300 Pte Ltd to Voyageur LLC on May 2, 2013, in connection with which Sevan and relevant subsidiaries were released from all obligations and liabilities under (i) the USD 230 million loan facility pertaining to the Unit pursuant to finance documents with the bank syndicate led by ING Bank N.V as agent, (ii) the bridge loan provided to Sevan by Voyageur LLC for completion of the upgrade of the Unit, and (ii) the chartering and service agreements (with ancillary documents) entered into with the Huntington licence holders, represented by E.ON E&P UK Limited (E.ON). SPUKL, under the ownership of Voyageur LLC, will make the Unit available to the E.ON consortium for use on the Huntington field that production has commenced. Full Article
Sevan Marine ASA Announces Further Update on Sale of FPSO Voyageur Spirit to Teekay Corporation
Sevan Marine ASA announced in reference to previous updates on FPSO Voyageur Spirit, that first oil and production at the Huntington oil and gas field in the Central North Sea has successfully started. Following a 72 hours continuous production testing, title to the FPSO Voyageur is expected to be transferred to Voyageur LLC (a subsidiary of Teekay Corp) within one week. This will constitute the final step in the restructuring of Sevan Marine and its subsidiaries according to plan. An announcement will be made upon such completion. Full Article
Teekay Corp Declares Dividend
Teekay Corp announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on April 30, 2013 to all shareholders of record as at April 16, 2013. Full Article
Sevan Marine ASA Updates on Sale of FPSO Voyageur Spirit to Teekay Corporation
Sevan Marine ASA announced with reference to the previous information regarding the expected closing during the first quarter of 2013 of the sale by Sevan Marine of FPSO Voyageur Spirit to Teekay Corporation, that the current status of the FPSO Voyageur Spirit is that all its risers are connected to the subsea facilities at the Huntington Field in the United Kingdom sector of the North Sea. Accordingly, the entire Huntington system is connected from the wells to the FPSO. The final preparations for first oil and pre-commissioning are expected to take place shortly. The transfer of title to the unit will take place upon first oil and satisfaction of certain technical criteria in connection therewith. First oil is dependent on weather conditions and completion of certain final technical work. Closing is currently expected to occur in April 2013. Full Article
Teekay Corporation Declares Dividend
Teekay Corporation announced that Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on January 30, 2013 to all shareholders of record as at January 16, 2013. Full Article
Teekay Corporation Declares Dividend
Teekay Corp announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on October 26, 2012 to all shareholders of record as at October 17, 2012. Full Article
Teekay Corp Announces Norwegian Bond Issuance
Teekay Corp announced that it intends to issue NOK500-700 million in new senior unsecured bonds in the Norwegian bond market that mature in October 2015 which, at current conversion rates, have an aggregate principal amount equivalent to approximately USD85-120 million. The proceeds of the bonds are expected to be used for general corporate purposes. Teekay expects to apply for listing of the bond on the Oslo Stock Exchange. Pareto Securities and Nordea Markets have been appointed as Joint Lead Managers of the contemplated bond issuance. Full Article
Teekay Corporation Declares Dividend
Teekay Corporation announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on July 27, 2012 to all shareholders of record as at July 17, 2012. Full Article
Teekay Corporation Announces Sale Of 13 Vessels To Teekay Tankers
Teekay Corporation announced that it has reached an agreement to sell to its publicly-traded subsidiary, Teekay Tankers Ltd, 13 of the Company's 17 directly-owned conventional tankers and related time-charter contracts, debt facilities and other assets and rights, for an aggregate purchase price of approximately $455 million. Teekay to sell to Teekay Tankers a fleet of seven crude oil tankers and six product tankers, along with related time-charter out contracts, debt facilities and an interest rate swap, for an aggregate price of approximately $455 million. As partial consideration, Teekay will receive $25 million in new Teekay Tankers Class A shares at a price of $5.60 per share. Nine of the 13 vessels to be sold operate under fixed-rate time-charters.The sale includes the assumption by Teekay Tankers of outstanding debt of approximately $180 million in term loans and approximately $290 million in available revolving credit facilities, of which approximately $40 million will be undrawn. Teekay will grant Teekay Tankers a right of first refusal on any conventional tanker opportunities developed by Teekay for a period of three years from the closing date. Full Article
Belgian shipping firm Exmar in LPG joint venture with Teekay
BRUSSELS, Dec 5 - Belgian natural gas shipping firm Exmar has entered into a joint venture with Teekay Liquified Natural Gas Partners to benefit from growth in demand for liquefied petroleum gas (LPG).
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
