Teekay Tankers has revealed during the unveiling of its second quarter results details of another sizeable sale and leaseback deal.
In June it has emerged Teekay Tankers signed a term sheet for a sale-leaseback financing transaction relating to six modern aframax tankers. This follows on from the signed term sheet for a sale-leaseback transaction for seven mid-sized tankers announced in May.
“Including our sale-leaseback transaction previously-announced in May, we have signed term sheets for three financings which, upon completion, are expected to increase our net liquidity position by approximately $110 million and extend our debt maturity profile,” commented Kevin Mackay, Teekay Tankers’ president and CEO.
Teekay Tankers remained in the red in the second quarter, reporting a net loss of $27.4m.