Teekay LNG rebrands as Seapeak

As a result of the conversion and renaming, effective 28 February 2022, the ticker symbols for Seapeak’s preferred units will be changed as follows and begin trading under their new symbols:

The companys Series A shares on the New York Stock Exchange formerly trading under TGP PRA will henceforth be traded as SEAL PRA. Series B shares trading under TGP PRB will trade as SEAL PRB.

Effective 1 March 2022, the ticker symbols for Seapeak’s Norwegian Kroner-denominated bonds will be changed as follows and begin trading under their new symbols:

Teekay LNG Partners L.P 2018 / 2023 FRN Bond under TKLNG05 will trade under SPK 05. 2020 / 2025 FRN Bond TKLNG06 will trade under SPK 06 and 2021 / 2026 FRN Bond will trade under SPK07.

As Riviera Maritime Media reported in October 2021, private equity firm Stonepeak was set to acquire Teekay LNG for US$6.2Bn.

The deal was sealed in January 2022, and as a result of its acquisition by investment vehicles managed by Stonepeak, the new entity Seapeak filed to delist all of its issued and outstanding common units from the New York Stock Exchange. The delisting of all of Seapeak’s common units occurred 24 January 2022.     

Seapeak is one of the wor ld’s largest independent owners and operators of LNG carriers with a fleet of 47 LNG carriers, 21 mid-size LPG carriers and seven multi-gas carriers.

The LNG Shipping & Terminals Webinar Week will be held from 1 March 2022. Register your interest and access more information here