Brief: Teekay LNG Partners acquires second LNG carrier newbuilding
24/09/2013 23:19
Sept 24 (Reuters) - Teekay LNG Partners L.P. TGP.N : * Teekay LNG Partners announces acquisition and charter back of second LNG carrier newbuilding * Teekay LNG Partners - agreed to acquire a second 155,900 cubic meter liquefied natural gas (lng) carrier newbuilding from Awilco LNG ASA * Teekay LNG-will purchase the second vessel for a price of $205 million less a $50 million upfront prepayment of charter hire by Awilco * Teekay LNG Partners - Awilco vessels are each expected to generate annual distributable cash flow of about $7.5 million * Teekay LNG Partners - intends to initially finance second vessel with a portion of liquidity, sees to secure long-term debt financing * Source text for Eikon ID:nMKW156a * Further company coverage [TGP.N TK.N TGP.N TGP.N TK.N TGP.N TK.N] ((Bangalore Newsroom; +1 646 223 8780))