HAMILTON, Bermuda, June 20, 2022 (GLOBE NEWSWIRE) -- Seapeak LLC (Seapeak or the Company) has declared cash distributions of $0.5625 per unit on the Company's Series A preferred units (NYSE:SEAL) and $0.5313 per unit on the Company's Series B preferred units (NYSE:SEAL) for the period from April 1, 2022 to June 30, 2022. The cash distributions are payable on July 15, 2022 to all unitholders of record as at June 30, 2022. Seapeak's preferred unit distributions are reported on Form 1099 for United States tax purposes. About Seapeak Seapeak is one of the world's largest independent owners and operators of LNG carriers, providing liquefied gas services primarily under long-term,

Vancouver, British Columbia--(Newsfile Corp. - March 28, 2022) - Railtown Capital Corp. (TSXV:RLT) ("Railtown" or the "Company") and Selten Metal Corp. ("Selten Metal"), an arm's length private company incorporated under the laws of British Columbia, announced today that they have signed a non-binding letter of intent dated March 17, 2022 to effect a transaction that will result in a reverse takeover of Railtown by Selten Metal (the "Transaction"). Trading in the common shares of the Company (the "Common Shares") has been halted in accordance with the policies of the TSX Venture Exchange (the "TSXV") and will remain halted until such time as all required documentation has been filed with an

HAMILTON, Bermuda, March 17, 2022 (GLOBE NEWSWIRE) -- Seapeak LLC has declared cash distributions of $0.5625 per unit on the Company's Series A preferred units (NYSE:SEAL) and $0.5313 per unit on the Company's Series B preferred units (NYSE:SEAL) for the period from January 1, 2022 to March 31, 2022. The cash distributions are payable on April 14, 2022 to all unitholders of record as at March 31, 2022. Seapeak's preferred unit distributions are reported on Form 1099 for United States tax purposes. About Seapeak Seapeak is one of the world's largest independent owners and operators of LNG carriers, providing liquefied gas services primarily under long-term, fee-based charters

HAMILTON, Bermuda, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Seapeak LLC (formerly known as Teekay LNG Partners L.P.) (Seapeak) announces the following organizational updates. Conversion and Renaming Effective on February 25, 2022, Teekay LNG Partners L.P. (TGP) has converted from a limited partnership formed under the laws of the Republic of the Marshall Islands into a limited liability company formed under the laws of the Republic of the Marshall Islands (the Conversion). Under Marshall Islands law, the Conversion is deemed to be a continuation of the existence of TGP (in its prior partnership form), but now in the form of a Marshall Islands limited liability company. Accordingly, all of t

HAMILTON, Bermuda, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Teekay LNG Partners L.P. (the Partnership) (NYSE:TGP) today announced that it completed the previously announced acquisition of the Partnership by investment vehicles managed by Stonepeak. All common units will convert into the right to receive $17.00 per common unit in cash, subject to deductions of applicable withholding tax. The common units, which trade on the New York Stock Exchange ("NYSE") under the ticker symbol "TGP", will be suspended from trading today and delist from the NYSE within 10 days. The Partnership's Series A and B preferred units, which trade on the NYSE under the ticker symbols "TGP PR A" and "TGP PR B", respecti

HAMILTON, Bermuda, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK) announces the closing of the previously announced merger of Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) with investment vehicles managed by Stonepeak (the Merger). As part of the Merger, Teekay sold all of its ownership interest in Teekay LNG, including approximately 36.0 million Teekay LNG common units, and Teekay GP L.L.C., Teekay LNG's general partner (equivalent to approximately 1.6 million Teekay LNG common units), for $17.00 per common unit or common unit equivalent in cash, and transferred various management services companies to Teekay LNG that provide the operations for Teekay LNG and c

HAMILTON, Bermuda, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay or the Company) today announced that it has commenced a cash tender offer (the Tender Offer) to purchase any and all of its outstanding 5.0% Convertible Senior Notes due 2023 (the Notes). The Tender Offer will expire at 12:00 midnight, New York City time, on February 9, 2022 (one minute after 11:59 p.m., New York City time, on February 8, 2022), or any other date and time to which the Company extends the Tender Offer (such date and time, as it may be extended, the Expiration Time). The Tender Offer is made pursuant to an Offer to Purchase dated today, which sets forth the terms and conditions of the Tender Offe

HAMILTON, Bermuda, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP), has declared cash distributions of $0.5625 per unit on the Partnership's Series A preferred units (NYSE:TGP) and $0.5313 per unit on the Partnership's Series B preferred units (NYSE:TGP) for the period from October 1, 2021 to December 31, 2021. The cash distributions are payable on January 18, 2022 to all unitholders of record as at December 31, 2021. Teekay LNG's preferred unit distributions are reported on Form 1099 for United States tax purposes. About Teekay LNG Teekay LNG is one of the world's largest independent owners and

HAMILTON, Bermuda, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) today announced that at a special meeting of common unitholders of the Partnership held on December 1, 2021, its common unitholders voted to approve the proposed acquisition by merger of Teekay LNG by Stonepeak Limestone Holdings LP (formerly known as Stonepeak Infrastructure Fund IV Cayman (AIV III) LP) (Stonepeak). In addition, Teekay LNG has received all required customer approvals to complete the merger. Upon closing of the merger, Teekay LNG's common unitholders will receive $17.00 per common unit in cash. The merger is currently anticipated to close in mid-Ja

HAMILTON, Bermuda, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) announces that it has priced NOK 1,000 million in new senior unsecured bonds that mature in November 2026 in the Norwegian bond market. The new bond issuance, which was significantly oversubscribed, has an aggregate principal amount equivalent to approximately USD 116 million and all payments will be swapped into a U.S. dollar fixed-rate coupon of approximately 6.37%. Teekay LNG expects to close the bond offering on November 18, 2021, subject to customary closing conditions. The net proceeds from the bonds are expected to be used for general partnership purposes. Teekay

Stifel downgraded Teekay LNG Partners from Buy to Hold and set a new price target of $17.00 from $18.00 previously

B. Riley reiterated coverage of Teekay LNG Partners with a rating of Buy and set a new price target of $15.50 from $13.00 previously

Jefferies reiterated coverage of Teekay LNG Partners with a rating of Hold and set a new price target of $14.00 from $12.00 previously

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Highlights GAAP net income attributable to the partners and preferred unitholders of $67.0 million and GAAP net income per common unit of $0.68 in the third quarter of 2021.Adjusted net income(1) attributable to the partners and preferred unitholders of $54.7 million and adjusted net income per common unit of $0.54 in the third quarter of 2021 (excluding other items listed in Appendix A to this release).Total adjusted EBITDA(1) of $178.0 million in the third quarter of 2021.On October 4, 2021, announced agreement for Stonepeak to acquire 100 percent of Teekay LNG's outstanding common units and general partner units for $17.00 per unit. The Transaction (as defined below) is subject to certai

Highlights GAAP net loss attributable to shareholders of Teekay of $2.9 million, or $0.03 per share, and adjusted net income attributable to shareholders of Teekay(1) of $0.1 million in the third quarter of 2021 (excluding items listed in Appendix A to this release).Total adjusted EBITDA(1) of $165.2 million in the third quarter of 2021.On October 4, 2021, Teekay LNG announced an agreement for Stonepeak to acquire all of Teekay LNG's outstanding common units and general partner units for $17.00 per unit in cash, representing total gross proceeds of approximately $640 million to Teekay Parent. The Transaction (as defined below) is subject to certain closing conditions, including approval by

HAMILTON, Bermuda, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP), and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) plan to release their financial results for the third quarter of 2021 before market open on Thursday, November 4, 2021. All shareholders and interested parties are invited to listen to the live conference calls by choosing from the following options: By dialing: EntityDateTime (ET)Telephone Number (North America)Telephone Number (International)Conference CodeTeekay November 4, 202111:00 a.m.1 800 378 03271 647 490 53679020635Teekay TankersNovember 4, 202112:00 p.m.1 800 367 24031 647 490 5367

Highlights GAAP net income attributable to the partners and preferred unitholders of $53.3 million and GAAP net income per common unit of $0.53 in the second quarter of 2021.Adjusted net income(1) attributable to the partners and preferred unitholders of $57.0 million and adjusted net income per common unit of $0.57 in the second quarter of 2021 (excluding other items listed in Appendix A to this release).Total adjusted EBITDA(1) of $183.5 million in the second quarter of 2021.The Partnership's LNG fleet is 98 percent fixed for the remainder of 2021, and 89 percent fixed for 2022.Current strong LNG shipping fundamentals expected to persist into 2022. HAMILTON, Bermuda, Aug. 05, 2021 (GLO

Highlights GAAP net loss attributable to shareholders of Teekay of $1.8 million, or $0.02 per share, and adjusted net income attributable to shareholders of Teekay(1) of $30 thousand in the second quarter of 2021 (excluding items listed in Appendix A to this release).Total adjusted EBITDA(1) of $171.9 million in the second quarter of 2021.Teekay Parent reduced its asset retirement obligation (ARO) associated with the Banff FPSO by approximately $33 million in the second quarter of 2021.Teekay LNG's LNG fleet is 98 percent fixed for the remainder of 2021 and 89 percent fixed for 2022.Teekay Tankers counter-cyclically in-chartered three Aframax-sized vessels for periods of 18 to 24 months,

Highlights GAAP net income attributable to shareholders of Teekay of $30.0 million, or $0.30 per share, and adjusted net income attributable to shareholders of Teekay(1) of $11.3 million, or $0.11 per share, in the first quarter of 2021 (excluding items listed in Appendix A to this release).Total adjusted EBITDA(1) of $202.4 million in the first quarter of 2021.Significant positive progress made on Teekay Parent's wind-down of its FPSO segment.Teekay LNG increased its common unit distributions by 15 percent to $1.15 per common unit on an annualized basis, commencing with the first quarter's distribution to be paid in May 2021; and secured thre

Highlights GAAP net income attributable to the partners and preferred unitholders of $35.1 million and GAAP net income per common unit of $0.32 in the fourth quarter of 2020; and $87.4 million and $0.73 per common unit, respectively, for fiscal 2020.Adjusted net income(1) attributable to the partners and preferred unitholders of $60.0 million and adjusted net income per common unit of $0.61 in the fourth quarter of 2020 (excluding other items listed in Appendix A to this release), and a record high $233.8 million and $2.45 per common unit, respectively, for fiscal 2020.Total adjusted EBITDA(1) of $190.2 million in the fourth quarter of 2020; and $757.9 million for fiscal 2020.In early-Dec

Highlights GAAP net loss attributable to shareholders of Teekay of $19.4 million, or $0.19 per share, and adjusted net income attributable to shareholders of Teekay(1) of $2.8 million, or $0.03 per share, in the fourth quarter of 2020 (excluding items listed in Appendix A to this release).Total adjusted EBITDA(1) of $201.1 million in the fourth quarter of 2020.Fiscal year 2020 adjusted net income attributable to shareholders of Teekay(1) significantly improved to $83 million, or $0.82 per share, and total adjusted EBITDA increased to $1.1 billion, up over 14 percent from fiscal year 2019.Reduced consolidated net debt by $887.8 million(3) in 2020; and total consolidated liquidity increas