Key Developments: Teekay Tankers Ltd (TNK)
2.75USD
19 Jun 2013
$-0.04 (-1.43%)
$2.79
$2.82
$2.85
$2.73
196,925
477,062
$4.59
$2.38
Latest Key Developments (Source: Significant Developments)
Teekay Tankers Ltd Declares Quarterly Cash Dividend
Teekay Tankers Ltd announced that its Board of Directors has voted to declare a cash dividend of $0.03 per share for the quarter ended March 31, 2013. The cash dividend is payable on May 28, 2013 to all shareholders of record on May 20, 2013. Full Article
Teekay Tankers Ltd Declares Dividend
Teekay Tankers Ltd announced that its Board of Directors has voted to declare a cash dividend of $0.03 per share for the quarter ended December 31, 2012. The cash dividend is payable on March 11, 2013 to all shareholders of record on March 4, 2013. Full Article
Teekay Tankers Ltd Declares Dividend
Teekay Tankers Ltd announced that its Board of Directors has voted to declare a cash dividend of $0.02 per share for the quarter ended September 30, 2012. The cash dividend is payable on November 26, 2012 to all shareholders of record on November 19, 2012. Full Article
Teekay Tankers Ltd Declares Dividend
Teekay Tankers Ltd announced that its Board of Directors has voted to declare a cash dividend of $0.11 per share for the quarter ended June 30, 2012. The cash dividend is payable on August 27, 2012 to all shareholders of record on August 20, 2012. Full Article
Teekay Tankers Ltd Declares Dividend
Teekay Tankers Ltd announced that its Board of Directors has voted to declare a cash dividend of $0.16 per share for the quarter ended March 31, 2012. The cash dividend is payable on June 5, 2012 to all shareholders of record on May 29, 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
Teekay Tankers Ltd Announces Pricing Of Public Offering Of Class A Common Stock
Teekay Tankers Ltd. announced that it has priced its follow-on public offering of 15,000,000 shares of Class A common stock at $4.00 per share. The offering is expected to close on February 13, 2012, subject to customary closing conditions. Teekay Tankers has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares to cover any over-allotments. The Company expects to use the net offering proceeds to repay a portion of its outstanding debt under its revolving credit facility. The joint book running managers for the offering are Morgan Stanley and Citigroup. The senior co-managers are Credit Suisse and Deutsche Bank Securities. The junior co-managers are ABN AMRO, Credit Agricole CIB and DNB Markets. Full Article
Teekay Tankers Ltd Announces Public Offering of Class A Common Stock
Teekay Tankers Ltd announced that it plans to offer 15,000,000 shares of Class A common stock of the Company in a public offering. Teekay Tankers expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of Class A common stock to cover any over-allotments. The Company expects to use the net offering proceeds to repay a portion of its outstanding debt under its revolving credit facility. The joint book running managers for the offering are Morgan Stanley and Citigroup. The senior co-managers are Credit Suisse and Deutsche Bank Securities. The junior co-managers are ABN Amro, Credit Agricole CIB and DNB Markets. Full Article
Teekay Tankers Ltd Declares Dividend
Teekay Tankers Ltd announced that its Board of Directors has voted to declare a cash dividend of $0.11 per share for the quarter ended December 31, 2011. The cash dividend is payable on February 28, 2012 to all shareholders of record on February 21, 2012. Full Article
Teekay Tankers Ltd. Declares Dividend
Teekay Tankers Ltd. announced that its Board of Directors has voted to declare a cash dividend of $0.15 per share for the third quarter of 2011, which will be paid on November 28, 2011 to all shareholders of record on November 21, 2011. Full Article
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