June 4, 2011
Teekay’s unique corporate structure supports our business strategy and enhances value for our shareholders.
Teekay Group Corporate Structure Benefits:
- Access to multiple debt and equity capital markets
- MLPs (TGP and TOO) structures enable lower cost of equity capital
- Increased cash flows to Teekay Parent as daughter companies grow – as general partner of TGP and TOO, Teekay Parent contributes 2% of equity but receives an increasing proportion of TGP and TOO distributable cash flow
Teekay’s Transition to Pure Play Structure
