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Slide #5. KNOT Offshore Partners LP — Carmen Knutsen
KNOT Offshore Partners LP (NYSE:KNOP)
KNOT Offshore Partners LP (NYSE:KNOP">KNOP) announced today that further to its announcement on July 12, 2013, its wholly owned subsidiary KNOT Shuttle Tankers AS has completed its acquisition of all interests in Knutsen Shuttle Tanker 13 AS that owns and operates the Carmen Knutsen from KNOT Offshore Tankers AS for a purchase price of $145.0 million less approximately $89.1 million in existing bank debt. The purchase price has been settled by way of a cash payment of approximately $45.4 million and with seller financing provided by KNOT in the form of a loan in the amount of approximately $10.5 million.
KNOT Offshore Partners owns and operates shuttle tankers under long-term charters. Co. has a fleet of shuttle tankers, including: the Windsor Knutsen, the Bodil Knutsen, the Recife Knutsen, the Fortaleza Knutsen, the Carmen Knutsen, the Hilda Knutsen, the Torill Knutsen, the Dan Cisne, the Dan Sabia, the Ingrid Knutsen, the Raquel Knutsen, the Tordis Knutsen, the Vigdis Knutsen, the Lena Knutsen, the Brasil Knutsen, the Anna Knutsen and the Tove Knutsen.
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Strong Buy (4.00 out of 4)