<SEC-DOCUMENT>0001193125-18-018012.txt : 20180124
<SEC-HEADER>0001193125-18-018012.hdr.sgml : 20180124
<ACCEPTANCE-DATETIME>20180124090332
ACCESSION NUMBER:		0001193125-18-018012
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180124
DATE AS OF CHANGE:		20180124

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEEKAY CORP
		CENTRAL INDEX KEY:			0000911971
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-221806
		FILM NUMBER:		18544123

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, BELVEDERE BUILDING
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 08
		BUSINESS PHONE:		604-683-3529

	MAIL ADDRESS:	
		STREET 1:		SUITE 2000,  BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2K2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEEKAY SHIPPING CORP
		DATE OF NAME CHANGE:	19950609

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIKING STAR SHIPPING INC
		DATE OF NAME CHANGE:	19930914

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEEKAY CORP
		CENTRAL INDEX KEY:			0000911971
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, BELVEDERE BUILDING
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 08
		BUSINESS PHONE:		604-683-3529

	MAIL ADDRESS:	
		STREET 1:		SUITE 2000,  BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2K2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEEKAY SHIPPING CORP
		DATE OF NAME CHANGE:	19950609

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIKING STAR SHIPPING INC
		DATE OF NAME CHANGE:	19930914
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>d522900dfwp.htm
<DESCRIPTION>ISSUER FREE WRITING PROSPECTUS
<TEXT>
<HTML><HEAD>
<TITLE>Issuer Free Writing Prospectus</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Issuer Free Writing Prospectus </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed Pursuant to Rule 433 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration <FONT STYLE="white-space:nowrap">No.&nbsp;333-221806</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Dated January&nbsp;24, 2018 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Relating to Preliminary Prospectus Supplement </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Dated January&nbsp;23, 2018 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRICING TERM SHEET </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g522900g21p37.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Teekay Corporation </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>10,000,000 Shares of Common Stock </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>January&nbsp;24, 2018 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Issuer: </B></P></TD>
<TD>Teekay Corporation </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Number of Firm Shares Offered: </B></P></TD>
<TD>10,000,000<B> </B>shares of common stock, par value of $0.001 per share </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Number of Option Shares Offered: </B></P></TD>
<TD>1,500,000<B> </B>shares of common stock, par value of $0.001 per share </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Public Offering Price: </B></P></TD>
<TD>$9.75<B> </B>per<B> </B>share </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Approximate Net Proceeds to the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Issuer After Underwriting Discounts </B></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>and Commissions: </B></P></TD>
<TD>$93.0 million (or $106.9 million assuming full exercise of the option to purchase additional shares) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="TOP">
<TD WIDTH="38%"> <P STYLE=" margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><B>Concurrent Offering: </B></P></TD>
<TD>Substantially concurrently with this offering of shares of common stock, we have priced a private unregistered offering (the &#147;Concurrent Convertible Notes Offering&#148;) of $125,000,000 aggregate principal amount of 5.000% convertible
senior notes due 2023 (the &#147;convertible notes&#148;) <B></B>at par<B></B> and expect to receive net proceeds after deducting initial purchasers&#146; discounts and commissions of approximately $120.9 million. We have also granted the initial
purchasers a <FONT STYLE="white-space:nowrap">30-day</FONT> option to purchase an additional $25,000,000 aggregate principal amount of convertible notes from us. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="38%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy the convertible notes. </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>ADDITIONAL INFORMATION: </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>All information (including financial information) presented in the Preliminary Prospectus Supplement is deemed to have changed to the extent affected by the
changes described herein. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This communication is intended for the sole use of the person to whom it is provided by us. This communication does not
constitute an offer to sell the shares of common stock and is not soliciting an offer to buy the shares of common stock in any jurisdiction where the offer or sale is not permitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The issuer has filed a registration statement (including a prospectus supplement and a prospectus) with the SEC for the offering to which this communication
relates. Before you invest, you should read the prospectus supplement and prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may
obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and prospectus if you
request it by calling Morgan Stanley&nbsp;&amp; Co. LLC at <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-866-718-1649</FONT></FONT></FONT> or J.P. Morgan Securities LLC at <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-212-834-4533.</FONT></FONT></FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ANY DISCLAIMERS OR
OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL
SYSTEM. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g522900g21p37.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g522900g21p37.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M1]!:+;7UII%O%J=W]KO0N9I<  MWP!V'2O'J.+DW!60XII:GSW\1?^2EZ_\
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M-3YL^(O_ "4S7_\ <C_] CKU*_\ R+X^OZL[\@_Y&C]'^2.6KPS]("@ H *
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M*ZL)_'CZF5;^&SYM;I'_ -<T_P#016.._P!XGZGZ)D7_ "+J7I^K&UQGL!0
M4 % ##*@F$6>>Y]#Z5ZD<NG+#^UZ]O(^7J\0TJ>8+#?8V;\_\ELQ]>6?4!0
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E7-K<01MNMC [,4!ZJ<J.,\CZFN/%U:5:?/337<RHPG"/+(__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
