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Teekay Tankers Announces Asset Sales and New Debt Facility [Canadian Business Journal (Canada)]

Teekay Tankers Ltd. (TNK) 
Last teekay tankers ltd. earnings: 2/27 02:00 am Check Earnings Report
US:NYSE Investor Relations: teekay.com/investors/teekay-tankers-ltd
VANCOUVER, British Columbia, Jan. 28, 2020 (GLOBE NEWSWIRE) — Teekay Tankers Ltd. ( the Company TNK Sale of Non-U.S. Ship-to-Ship Transfer Business The Company has reached an agreement with Hili Ventures to sell a portion of its oil and gas ship-to-ship transfer support services business, which also provides gas terminal management and gas consulting services, for approximately $26 million. The sale is expected to close late in the first quarter of 2020 or early in the second quarter of 2020. Teekay Tankers will retain its entire Full-Service Lightering business that operates in the U.S. Gulf, which provides ship-to-ship oil transfers for both U.S. crude imports and exports. In addition, the Company will continue to operate oil ship-to-ship transfer support services in North America and the Caribbean, a business that has synergies with its core Full-Service Lightering business. Vessel Sales The Company has agreed to sell three 2003-built Suezmax tankers in separate transactions for co Show less Read more
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