Teekay LNG announces Corporate changes and Rebranding to Seapeak

March 1, 2022

Seapeak LLC  announces the following organizational updates.

Conversion and Renaming

 Teekay LNG Partners  has converted from a limited partnership formed under the laws of the Republic of the Marshall Islands into a limited liability company formed under the laws of the Republic of the Marshall Islands. Under Marshall Islands law, the Conversion is deemed to be a continuation of the existence of TGP , but now in the form of a Marshall Islands limited liability company. Accordingly, all of the rights and liabilities of TGP  are automatically vested in Seapeak.

Concurrent with the Conversion, effective on February 25, 2022, TGP has changed its name from “Teekay LNG Partners L.P.” to “Seapeak LLC”.

New Ticker Symbols for Outstanding Securities

As a result of the Conversion and renaming, effective on February 28, 2022, the ticker symbols for Seapeak’s preferred units will be changed as follows and begin trading under their new symbols:

Security Listed Market Old Symbol New Symbol
9.00% Series A Cumulative Redeemable Perpetual Preferred Units New York Stock Exchange TGP PRA SEAL PRA
8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units New York Stock Exchange TGP PRB SEAL PRB

Effective on March 1, 2022, the ticker symbols for Seapeak’s Norwegian Kroner-denominated bonds will be changed as follows and begin trading under their new symbols:

Security Listed Market Old Symbol New Symbol
Teekay LNG Partners L.P. 2018 / 2023 FRN Bond Oslo Børs TKLNG05 SPK05
Teekay LNG Partners L.P. 2020 / 2025 FRN Bond Oslo Børs TKLNG06 SPK06
Teekay LNG Partners L.P. 2021 / 2026 FRN Bond Oslo Børs TKLNG07 SPK07

As previously announced on January 13, 2022, as a result of its acquisition by investment vehicles managed by Stonepeak, Seapeak filed to delist all of its issued and outstanding common units from the New York Stock Exchange. The delisting of all of Seapeak’s common units occurred effective as of January 24, 2022.

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