Teekay to raise USD 200 million on stock exchange

Teekay Corp., the parent unit of companies including Teekay Tankers, has in one day launched two financial initiatives aimed at raising millions of dollars for the company. The new capital will be used to, among other things, service legacy debt.

Photo: PR-foto: Teekay Tankers & Wärtsilä

Canada's Teekay Corp. launched two initiatives Tuesday aimed at raising more money for the company.

Teekay Corp. is the parent company of subsidiaries such as Teekay Tankers and Teekay Offshore, and the group has, firstly, launched a sale of 10 million shares, which could potentially raise USD 100 million, says the company in a press release.

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