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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Dec. 20, 10:01 AM

Slide #1. Teekay Tankers Ltd. Secondary Offering

Company: Teekay Tankers Ltd. (NYSE:TNK)
Date announced: 12/18/2014
Shares Offered: 20,000,000
Date of Pricing: 12/19/2014
Price Per Share: $4.80
Secondary Offering Details: Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) announced today that it plans to offer 20,000,000 shares of Class A common stock of the Company in a public offering. Teekay Tankers expects to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock. Teekay Corporation is also purchasing $20 million of Class A common stock of the Company at the same price per share to the public. The Company expects to use the net offering proceeds and proceeds from Teekay Corporation's investment to partially finance the previously announced acquisition of four modern coated Aframax tankers and one modern uncoated Aframax tanker and for general corporate purposes, which may include funding future vessel acquisitions. - updated 12/19 - Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) announced today that it has priced its follow-on public offering of 20,000,000 shares of Class A common stock at $4.80 per share. Teekay Tankers has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of Class A common stock. Teekay Corporation is also purchasing $20 million of Class A common stock of the Company at the same price per share to the public. The Company expects to use the net offering proceeds and proceeds from Teekay Corporation's investment to partially finance the previously announced acquisition of four modern coated Aframax tankers and one modern uncoated Aframax tanker and for general corporate purposes, which may include funding future vessel acquisitions.

Teekay Tankers is an international marine transportation group of crude oil and refined petroleum products through the operation of its oil and product tankers. Co. owns crude oil and product tankers and employs a chartering strategy that seeks to capture upside opportunities in the spot market while using fixed-rate time charters to reduce downside risks. Co. is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. Co.'s fleet consists of 29 vessels, including chartered-in vessels, and newbuildings on order, with a total capacity of 3,319,400 dwt.
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Company Name:  Teekay Tankers Ltd
Website:  www.teekaytankers.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding TNK:  17
Total Market Value Held by ETFs:  $11.35M
Total Market Capitalization:  $405.00M
% of Market Cap. Held by ETFs:  2.80%
 

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List of Secondary Stock Offerings in this Slideshow:

12/3/2014:
Company: City Office REIT, Inc. (CIO)
Shares Offered: 3,750,000
More: offering details »

12/3/2014:
Company: JD.com, Inc. (JD)
Shares Offered: 26,003,171
More: offering details »

12/3/2014:
Company: Agree Realty Corporation (ADC)
Shares Offered: 2,250,000
More: offering details »

12/4/2014:
Company: GTT Communications, Inc. (GTT)
Shares Offered: 3,500,000
More: offering details »

12/4/2014:
Company: Global Partners LP (GLP)
Shares Offered: 3,565,000
More: offering details »

12/8/2014:
Company: CTPartners Executive Search Inc. (CTP)
Shares Offered: 702,703
More: offering details »

12/8/2014:
Company: Flexion Therapeutics, Inc. (FLXN)
Shares Offered: 5,040,000
More: offering details »

12/8/2014:
Company: T-Mobile US, Inc. (TMUS)
Shares Offered: 17,391,305
More: offering details »

12/8/2014:
Company: Terreno Realty Corporation (TRNO)
Shares Offered: 8,500,000
More: offering details »

12/8/2014:
Company: LaSalle Hotel Properties (LHO)
Shares Offered: 7,600,000
More: offering details »

12/8/2014:
Company: Heritage-Crystal Clean, Inc. (HCCI)
Shares Offered: 3,100,000
More: offering details »

12/9/2014:
Company: Paylocity Holding Corporation (PCTY)
Shares Offered: 4,600,000
More: offering details »

12/9/2014:
Company: Agios Pharmaceuticals, Inc. (AGIO)
Shares Offered: 1,986,455
More: offering details »

12/9/2014:
Company: Gramercy Property Trust Inc. (GPT)
Shares Offered: 52,000,000
More: offering details »

12/9/2014:
Company: Brixmor Property Group Inc. (BRX)
Shares Offered: 5,608,082
More: offering details »

12/10/2014:
Company: Energous Corporation (WATT)
Shares Offered: 2,857,143
More: offering details »

12/10/2014:
Company: Bright Horizons Family Solutions Inc. (BFAM)
Shares Offered: 8,000,000
More: offering details »

12/10/2014:
Company: MEI Pharma, Inc. (MEIP)
Shares Offered: 10,000,000
More: offering details »

12/10/2014:
Company: Burlington Stores, Inc. (BURL)
Shares Offered: 8,000,000
More: offering details »

12/10/2014:
Company: Aramark (ARMK)
Shares Offered: 30,000,000
More: offering details »

12/10/2014:
Company: Nielsen N.V. (NLSN)
Shares Offered: 20,000,000
More: offering details »

12/11/2014:
Company: Acadia Realty Trust (AKR)
Shares Offered: 3,400,000
More: offering details »

12/15/2014:
Company: bluebird bio, Inc. (BLUE)
Shares Offered: 2,650,000
More: offering details »

12/15/2014:
Company: Exact Sciences Corporation (EXAS)
Shares Offered: 4,000,000
More: offering details »

12/18/2014:
Company: Teekay Tankers Ltd. (TNK)
Shares Offered: 20,000,000
More: offering details »

December 20, 2014    10:01 AM Eastern
Quotes delayed 20 minutes



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