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Conyers advises Teekay Corporation on its US$250 million notes offering

Conyers advised Teekay Corporation on its US$250 million in aggregate principal amount of 9.25% senior secured notes due November 2022 (the Notes). In addition Teekay Corporation announced that it had completed the early settlement of its cash tender offer to purchase any and all of its outstanding US$497.7 million of 8.5% senior notes due 2020 (the 2020 Notes and such tender offer, the Offer), pursuant to which the Company purchased approximately US$458 million in aggregate principal amount of 2020 Notes that were validly tendered and not validly withdrawn prior to 5:00 pm, New York City time, on May 7, 2019, for cash consideration of US$1,032.50 per US$1,000 in principal amount of 2020 Notes, plus accrued and unpaid interest.

Director David Cooke and Associate Andrew Barnes of Conyers’ Bermuda office advised on the matter.


David W.P. Cooke

Bermuda   +1 441 299 4933

Andrew Barnes

Bermuda   +1 441 278 8054


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