KNOT Offshore Partners’ Establishment of At-the-Market Program

Baker Botts advised KNOT Offshore Partners LP on the deal.

KNOT Offshore Partners LP (the “Partnership”) (NYSE: KNOP) established an “at-the-market program” and entered into an At-the-Market Issuance Sales Agreement with B. Riley Securities, Inc., as sales agent (the “Agent”), pursuant to which the Partnership may offer and sell from time to time up to $100 million of its common units representing limited partner interests in the Partnership through the Agent.

The Partnership intends to use any net proceeds of the sales of offered units for general partnership purposes, which may include, among other things, the repayment of indebtedness or the funding of acquisitions or other capital expenditures.

The Baker Botts Team included: Catherine Gallagher (Partner, Washington, D.C., Picture); Lee Neel Davis (Special Counsel, Washington, D.C.); Henry Klimowicz (Associate, New York); Jon Lobb (Partner, Houston); Snow Xue Rui (Associate, Dallas).

Involved fees earner: Lee Neel Davis – Baker Botts LLP; Catherine Gallagher – Baker Botts LLP; Henry Klimowicz – Baker Botts LLP; Jon Lobb – Baker Botts LLP; Snow Xue Rui – Baker Botts LLP;

Law Firms: Baker Botts LLP;

Clients: KNOT Offshore Partners LP;

Martina Bellini

Author: Martina Bellini