Teekay Shuttle Tankers has completed the placement of $125m senior unsecured green bonds due October 2024.
The proceeds from the bond issue will be used in accordance with Teekay Shuttle Tankers’ Green Bond Framework to partially fund four E-Shuttle newbuilds currently under construction, with planned deliveries in 2019 and 2021.
SEB acted as global coordinator, sole green advisor and joint lead manager. Danske Bank, DNB and Nordea acted as joint lead managers.
Teekay Shuttle Tankers now operates a fleet of 24 tankers with seven newbuildings on order at Samsung Heavy Industries.