Teekay Offshore Partners L.P. announced that it intends to issue minimum NOK 700 million in new senior unsecured bonds in the Norwegian bond market that mature in January 2019 which, at current conversion rates, have an aggregate minimum principal amount equivalent to approximately USD 115 million. The proceeds of the bonds will be used for general partnership purposes. A portion of the bonds may be offered in the United States to qualified institutional investors (or QIBs) as defined in Rule 144A of the U.S. Securities Act of 1933 (the Securities Act) concurrently with bonds offered outside of the United States pursuant to Regulation S of the Securities Act.