Teekay Offshore Partners LP - 2010-12-03
Description
Priced a follow-on public offering of 5.6 million common units at $27.84 per unit. The partnership expects to use the net proceeds for general partnership purposes, including funding the acquisitions of vessels that Teekay Corp. (NYSE: TK) has offered or may offer to it. BofA Merrill Lynch, Citi, and UBS Investment Bank are joint book-running managers. Raymond James, Wells Fargo Securities, Credit Agricole, DnBNOR Markets and ING are co-managers.