Raquel-Knutsen Vessel Reviews and Specifications

KNOT Offshore Partners LP (NASDAQ: KNOP) proudly announces the successful completion of its acquisition of the ownership interests in the company that operates the shuttle tanker Raquel Knutsen. The transaction was conducted for a total price of $116.5 million, which factors in $103.5 million of existing debt, notably including $29.0 million that was repaid at the closing. This acquisition is subject to post-closing adjustments. The remaining balance of the purchase will be funded through a seller’s credit amounting to about $13.0 million. Further solidifying this venture, Knutsen NYK, the Partnership's sponsor, will extend a loan of approximately $12.0 million to KNOT Shuttle Tankers AS as part of this acquisition strategy. This significant move marks an important milestone for KNOT Offshore Partners LP, enhancing its fleet capabilities in the maritime sector.

In a significant maritime transaction, KNOT Offshore Partners, a prominent UK-based company, has successfully acquired a shuttle tanker for the impressive sum of $116.5 million. This acquisition highlights the ongoing demand and strategic investment in the offshore transportation sector, reflecting KNOT's commitment to expanding its fleet and enhancing its operational capabilities.