KNOT Offshore Announces Private Placement Of Series A Preferred Units For US$40 Million

Published: May 16 2017
Deal Summary

KNOT Offshore Partners LP, a company that owns and operates shuttle tankers, agreed to issue 1,666,667 Series A preferred units, at a price of US$24 per unit, for gross proceeds of US$40 million, in a private placement.

The placement is expected to be completed by June 30, 2017, subject to customary closing conditions.

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