effective March 24, 2020, its two bonds which currently trade on the Oslo Stock Exchange (“This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements related to the Partnership’s strategies and plans for creating stakeholder value. Unaffiliated unitholders who hold their common units in “street name” through their broker, bank or other nominee will not be required to take any action to receive the cash consideration for their common units, as the exchange agent will arrange for the remittance of the cash consideration with The Depository Trust Company for distribution to the applicable broker, bank or nominee on behalf of such beneficial owners.
New contract to continue to provide services to Foinaven FPSO.
As previously announced in advance, also effective March 24, 2020, the Partnership’s preferred units, which previously traded on the New York Stock Exchange (“NYSE”) under the ticker symbols “TOO PR A”, “TOO PR B” and “TOO PR E”, respectively, now trade on NYSE under the new ticker symbols “ALIN PR A”, “ALIN PR B” and “ALIN PR E”. The company, now under the name Altera Infrastructure, owns and operates shuttle tankers, FPSO, and ocean-going tugs, and installation vessels, with a focus on offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The company's new logo - Credit: Altera …
Three Months Ended: March 31, 2020: 2019 (in thousands of U.S. Important factors that could cause actual results to differ materially from the Partnership’s expectations and may adversely affect the Partnership’s business and results of operations may include unanticipated market volatility (such as volatility resulting from the recent COVID-19 outbreak), as well as those risk factors disclosed in Item 3 of the Partnership’s Annual Report on Form 20-F for the year ended December 31, 2019, filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 28, 2020, as updated and supplemented by subsequent filings with the SEC. Meanwhile, Altera Infrastructure will provide operations and shuttle tanker services for the FPSO. The innovation of the E-shuttle tankers is evidence of the Partnership’s ability and willingness to take a leading role as the industry is moving towards a more sustainable future.”This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Altera Infrastructure L.P. 8.875% Cum. With the new brand, the Group also presents a new vision and visual identity.At the same time, Teekay Shuttle Tankers L.L.C., a subsidiary of the Partnership, announced that, in addition to changing its name to Altera Shuttle Tankers L.L.C.
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