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0.00493827160493834 0.00493827160493834 0.00493827160493834 0.00992592592592595 0.0271604938271605 0.0197530864197532 0.024316049382716 0.0235802469135804
Stock impact report

KNOT Offshore Partners LP Announces Completion of the Acquisition of the Brasil Knutsen

KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) 
Company Research Source: Business Wire
ABERDEEN, Scotland--(BUSINESS WIRE)-- KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has acquired (the “Acquisition”) all of the ownership interests in KNOT Shuttle Tankers 32 AS (“KNOT 32”), the company that owns and operates the shuttle tanker Brasil Knutsen, from Knutsen NYK Offshore Tankers AS (“Knutsen NYK”) for an aggregate purchase price of $96.0 million, less $59.0 million of outstanding indebtedness under the secured credit facility related to the vessel (the “Brasil Facility”), less approximately $35.2 million for a loan owed by KNOT 32 to Knutsen NYK (the “Company Liquidity Loan”), plus certain capitalized fees related to the financing of the Brasil Knutsen. Upon closing of the Acquisition, KNOT 32 repaid the Company Liquidity Loan in full. The purchase price was settled by way of a cash payment of approximately Show less Read more
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