UNITED STATES
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
Date of Report: April 17, 2008
Commission file number 1- 32479
TEEKAY LNG PARTNERS L.P.
(Exact name of Registrant as specified in its charter)
4th Floor
Belvedere Building
69 Pitts Bay Road
Hamilton, HM08 Bermuda
(Address of principal executive office)
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).
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).
Indicate by check mark whether the registrant by furnishing the information contained in this
Form 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-
Exhibit I
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TEEKAY LNG PARTNERS L.P.
4th Floor, Belvedere Building, 69 Pitts Bay Road,
Hamilton, HM 08, Bermuda |
NEWS RELEASE
TEEKAY LNG PARTNERS ANNOUNCES
PRICING OF FOLLOW-ON OFFERING
Hamilton, Bermuda, April 17, 2008 Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:
TGP) announced today that it has priced its follow-on public offering of 5,000,000 common units,
which represent limited partner interests, at $28.75 per unit. Teekay LNG has granted the
underwriters a 30-day option to purchase up to an additional 750,000 units to cover
over-allotments, if any. The Partnership expects to use the proceeds of the offering to repay
amounts outstanding on one of its revolving credit facilities, which has been used to fund vessel
acquisitions.
In addition and concurrently with the closing of the public offering, Teekay Corporation (Teekay),
the parent of our general partner, has agreed that it will purchase directly from Teekay LNG
1,739,130 common units at $28.75 per unit.
Teekay LNG Partners L.P. is a publicly-traded master limited partnership formed by Teekay (NYSE:
TK) as part of its strategy to expand its operations in the liquefied natural gas (LNG) and
liquefied petroleum gas (LPG) shipping sectors. Teekay LNG provides LNG, LPG and crude oil marine
transportation services under long-term, fixed-rate charter contracts with major energy and utility
companies through its fleet of fifteen LNG carriers, four LPG carriers and eight Suezmax class
crude oil tankers. Six of the fifteen LNG carriers and three of the four LPG carriers are
newbuildings scheduled for delivery between the second quarter of 2008 and mid-2009.
Teekay LNGs common units trade on the New York Stock Exchange under the symbol TGP.
After the offering, Teekay will own approximately a 58% interest in Teekay LNG, including common
units, subordinated units and its general partner interest. This ownership interest will be reduced
to approximately 57% if the underwriters exercise their overallotment option in full. The offering
is expected to close on April 23, 2008.
The joint book running managers for this offering are Citi and Wachovia Securities. The co-managers
are UBS Investment Bank, Raymond James & Associates, Inc., Deutsche Bank Securities and Dahlman
Rose & Company.
When available, copies of the prospectus supplement and accompanying base prospectus related to
this offering may be obtained from Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th
Street, Brooklyn, New York, 11220, Attention: Prospectus Department; phone: (800) 831-9146; or
Wachovia Capital Markets, LLC, 375 Park Avenue, New York, New York, 10152, Attention: Equity
Syndicate Department; Email: equity.syndicate@wachovia.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. This offering may be made only
by means of a prospectus supplement and accompanying base prospectus.
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) 609-4740
For Media enquiries contact:
Alana Duffy
Tel: +1 (604) 844-6605
Web site: www.teekaylng.com
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