Hamilton, Bermuda, February 25, 2022 (GLOBE NEWSWIRE) — Seapeak LLC (formerly Teekay LNG Partners LP) (Sea Peak) Announcing the next organizational update.
Convert and rename
From February 25, 2022, Teekay LNG Partners LP (TGP) We have converted from a limited liability company established under the law of the Republic of the Marshall Islands to a limited liability company established under the law of the Republic of the Marshall Islands. conversion). Under Marshall Islands law, the conversion is considered a continuation of the existence of the TGP (in the former partnership form), but is now in the form of a Marshall Islands limited liability company. Therefore, all TGP rights and liabilities (formerly in partnership) are automatically granted to Seapeak.
At the same time as the conversion, effective February 25, 2022, TGP changed its name from “Teekay LNG Partners LP” to “Seapeak LLC”.
New ticker symbol for excellent securities
As a result of the conversion and renaming that took effect on February 28, 2022, the ticker symbol for Seapeak’s preferred units will change to the following, and trading will begin with the new symbol.
|safety||Listed market||Old symbol||New symbol|
|9.00% Series A Cumulative Redemptable Permanent Priority Unit||New York Stock Exchange||TGPPRA||Seal PRA|
|8.50% Series B Cumulative redemptable permanent priority unit from fixed rate to floating rate||New York Stock Exchange||TGP PRB||Seal PRB|
Starting March 1, 2022, the ticker symbol for Norwegian krone-denominated bonds in Seapeak will be changed to the following and trading will begin with the new symbol.
|safety||Listed market||Old symbol||New symbol|
|Teekay LNG Partners LP 2018/2023 FRN Bond||Oslo Børs||TKLNG05||SPK05|
|Teekay LNG Partners LP 2020/2025 FRN Bond||Oslo Børs||TKLNG06||SPK06|
|Teekay LNG Partner LP2021 / 2026 FRN Bond||Oslo Børs||TKLNG07||SPK07|
As previously announced on January 13, 2022, as a result of the Stonepeak-managed investment vehicle acquisition, Seapeak has filed for delisting of all issued and unpaid common units from the New York Stock Exchange. Did. The delisting of all Seapeak common units took effect on January 24, 2022.
Seapeak is one of the world’s largest independent owners and operators of LNG carriers, primarily for long-term pay through interest in 47 LNG carriers, 20 medium-sized LPG carriers, and 7 multi-gas carriers. We provide liquefied gas service under the charter. .. Seapeak’s ownership of these vessels ranges from 20 to 100 percent. In addition, Seapeak owns a 30% stake in the LNG regasification terminal.
For more information, please visit www.seapeak.com.
About Stone Peak
Stonepeak is a leading alternative investment firm specializing in infrastructure and physical assets, managing approximately $ 43.5 billion in assets. Stonepeak aims to create value for investors and portfolio companies and have a positive impact on the communities in which they operate by investing in defensive, low-asset businesses around the world. Stonepeak sponsors an investment vehicle focused on private equity and credit. The company provides capital, operational support, and commitment partnerships to sustainably grow investment in target sectors such as telecommunications, energy migration, electricity and renewables, transportation and logistics, and water. Stonepeak is headquartered in New York with offices in Austin, Hong Kong, Houston and Sydney.
For more information, please visit www.stonepeak.com.
Contact for Seapeak:
For Stonepeak inquiries, please contact:
Description of future prospects
This press release contains forward-looking statements within the meaning of the revised Section 27A of the US Securities Act of 1933 and the revised Section 21E of the US Securities and Exchange Act of 1934. All statements contained in this press release are forward-looking statements, except for historical facts. Statements of expected timing, future plans and related transactions, and all other statements in this press release, except for historical facts, constitute forward-looking statements. Seapeak may not be able to complete future organizations and growth plans due to market competition, regulation, and other factors, many of which may be outside the control of Seapeak. Actual results may differ materially from those shown in such forward-looking statements. In addition, forward-looking statements represent Seapeak’s views on the date on which such statements were made. Subsequent events and developments are expected to change these views. These forward-looking statements should not be relied upon as representing views as of a date after the date of this document. Other factors that may affect Seapeak’s business or financial results are listed in the risk factors included in the filings with the SEC. Or submit to SEC. Seapeak expressly obliges us to provide updates to our forward-looking statements, whether as a result of new information, future events, or other events, except as required by applicable law. I will deny it.
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