SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of November, 2005
TEEKAY LNG PARTNERS L.P.
(Translation of registrants name into English)
TK House
Bayside Executive Park
West Bay Street & Blake Road
P.O. Box AP-59212
Nassau, Commonwealth of the Bahamas
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted
solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted
to furnish a report or other document that the registrant foreign private issuer must furnish and
make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled
or legally organized (the registrants home country), or under the rules of the home country
exchange on which the registrants securities are traded, as long as the report or other document
is not a press release, is not required to be and has not been distributed to the registrants
security holders, and, if discussing a material event, has already been the subject of a Form 6-K
submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-
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TEEKAY LNG PARTNERS L.P.
TK House, Bayside Executive Park, West Bay Street & Blake Road
P.O. Box AP-59212, Nassau, Bahamas |
NEWS RELEASE
TEEKAY LNG PARTNERS L.P. ANNOUNCES FILING OF REGISTRATION
STATEMENT FOR FOLLOW-ON PUBLIC OFFERING
Nassau,
The Bahamas, November 2, 2005 Teekay LNG Partners L.P. (Teekay LNG) (NYSE: TGP)
announced today that it has filed a registration statement with the Securities and Exchange
Commission for a proposed follow-on public offering of up to 4,000,000 common units, which
represent limited partner interests. The offering will increase to 4,600,000 common units if the
underwriters exercise in full their over-allotment option.
Teekay LNG anticipates using the net
proceeds from the offering, together with borrowings under its
revolving credit facility, cash balances or both, to purchase from Teekay Shipping Corporation
(Teekay) (NYSE: TK), for $180 million three Suezmax crude oil tankers which
are on long-term, fixed-rate time-charter contracts to ConocoPhillips.
Teekay LNG is a Marshall Islands partnership formed by Teekay as part of Teekays strategy to
expand its operations in the liquefied natural gas (LNG) marine transportation sector. Teekay LNG
provides LNG and crude oil marine transportation services under long-term, fixed-rate contracts
with major energy and utility companies through its existing fleet of four LNG carriers and five
Suezmax class crude oil tankers, primarily consisting of vessels Teekay obtained through its
acquisition of Naviera F. Tapias S.A. in April 2004.
After the
offering, Teekay will own approximately a 68.9% interest in Teekay LNG,
including common units, subordinated units and its general partner interest. This ownership
interest will be reduced to approximately 67.8% if the over-allotment option is exercised in full.
The book-running manager of the offering will be Citigroup Corporate and Investment Banking. A
written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when
available, may be obtained from it at Citigroup Global Markets Inc., c/o Prospectus Department, 140
58th Street, Brooklyn, New York, 11220; fax: 718-765-6734; phone: 718-765-6732.
A registration statement relating to these securities has been filed with the SEC but has not yet
become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the
time the registration statement becomes effective.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any
securities issuable pursuant to the registration statement, nor will there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state or jurisdiction.
The statements in this press release that are not historical facts may be forward-looking
statements. These forward-looking statements involve risks and uncertainties that could cause the
outcome to be materially different.
For Investor Relations enquiries contact:
Scott Gayton
Tel: +1 (604) 609-6442
For Media enquiries contact:
Kim Barbero
Tel: +1 (604) 609-6433
Web site: www.teekaylng.com
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