Knutsen NYK Offshore Tankers is dropping down the Hilda Knutsen and the Torill Knutsen (built 2013) to their US-listed Master Limited Partnership or MLP.
KNOP is paying $166m and $169m for the two ships respectively net of $222m of outstanding debt related to the vessels.
The acquisitions will be funded by the issue of 4.6m new shares, while a further 690,000 shares is expected to be offered to the underwriters.
BofA
