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Subsequent Events | 6 Months Ended
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Jun. 30, 2018
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events a)On July 6, 2018, Teekay LNG refinanced an outstanding debt facility of $107 million Euro ($125 million) maturing in 2018 and secured by the Madrid Spirit LNG carrier, with a new $100 million Euro ($117 million) debt facility maturing in 2024. b)On July 17, 2018, Teekay LNG took delivery of an LNG carrier newbuilding, the Megara, which concurrently commenced its eight-year charter contract with Shell. Upon delivery of the vessel, Teekay LNG sold and leased back the vessel under a sale-leaseback financing transaction, which includes a purchase obligation at the end of the ten-year bareboat charter contract. c)On July 31, 2018, Teekay LNG's 50%-owned Exmar LPG Joint Venture took delivery of its ninth LPG carrier newbuilding, the Wepion. In addition, the Exmar LPG Joint Venture completed a three-year, $35 million financing for the Wepion in July 2018. d)On August 22, 2018, Teekay LNG priced NOK 850 million (approximately $100 million) in new senior unsecured bonds that mature in August 2023 in the Norwegian bond market. The bond offering is scheduled to close on August 29, 2018.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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