Teekay Tankers reveals another sale and leaseback deal
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.