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Teekay Offshore lines up $100m refinancing for three FPSOs

The new facility replaces one that has matured for three FPSOs — Piranema Spirit, Voyageur Spirit and Petrojarl Varg. It is funded by commercial banks and is pegged at 300 basis points over Libor

Teekay Offshore, which slipped into the red in the first quarter, has been earmarked for divestment by its parent group, Teekay Corp

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