KNOT Offshore Partners LP Announces Public Offering of 2,500,000 Common Units
KNOT Offshore Partners LP (the “Partnership”) (NYSE: KNOP) announced today the commencement of an underwritten public offering
of 2,500,000 common units, representing limited partner interests in the Partnership. The Partnership expects to grant the
underwriter a 30-day option to purchase up to an additional 375,000 common units.
The Partnership intends to use the net proceeds that it receives in the offering for general partnership purposes, which may
include, among other things, repaying indebtedness and funding working capital, capital expenditures or acquisitions.
The Partnership owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of
the North Sea and Brazil. The Partnership is structured as a master limited partnership. The Partnership’s common units trade on
the New York Stock Exchange under the symbol “KNOP.”
Barclays is acting as the sole bookrunner on the offering.
When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating
to the offering may be obtained free of charge on the Securities and Exchange Commission’s website at http://www.sec.gov or from the underwriter as follows:
Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
Email: barclaysprospectus@broadridge.com
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of the common
units is being made pursuant to an effective registration statement on Form F-3 previously filed with the Securities and Exchange
Commission (the “SEC”) (File No. 333-195976). This offering may be made only by means of a preliminary prospectus supplement, final
prospectus supplement and accompanying base prospectus, which will be filed with the SEC.
Media:
KNOT Offshore Partners LP
John Costain, +44 1224 618420
Chief Executive Officer and Chief Financial Officer
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