TGP-B Teekay LNG Partners L.P. 8.50% Series B Fixed-to-Floating Rate Cumulative Preferred Units

Distributions on the Series B Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of January, April, July and October of each year, when, as and if declared by the board of directors of our general partner. The initial distribution on the Series B Preferred Units offered hereby will be payable on January 15, 2018 in an amount equal to $0.40139 per unit. Distributions will be payable out of amounts legally available for distributions (i) from and including the original issue date to, but excluding October 15, 2027 at a fixed rate equal to 8.50% per annum of the stated liquidation preference and (ii) from and including October 15, 2027, at a floating rate equal to three-month LIBOR plus a spread of 624.1 basis points. At any time on or after October 15, 2027, the Series B Preferred Units may be redeemed, in whole or in part, out of amounts legally available therefor, at a redemption price of $25.00 per unit plus an amount equal to all accumulated and unpaid distributions thereon to the date of redemption, whether or not declared.  This security was issued by Teekay LNG Partners LP, whose common stock symbol is TGP.

$26.40  -0.05 (-0.20%)
As of 10/27/2021 14:11:57 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Energy
Industry:  Oil & Gas Midstream
Index country:  Bermuda
Country of incorporation:  Marshall Islands
IPO date:  10/17/2017
Outstanding shares:  6,900,000
Average volume:  67,040
Market cap:   $181,470,000
Current dividend yield:  8.08%    calculation
Initial coupon rate:    8.500%
Spread to LIBOR: 0.062410
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   10/15/2027
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:   SEC Edgar Online
Annual filings:      20-F
CUSIP:    Y8564M204
ISIN:        MHY8564M2048
Sedol:      BF4VQJ4

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