The New York-listed partnership said it will acquire KNOT Shuttle Tankers 20, which owns the 59,300-dwt Dan Cisne (built 2011).
The price includes $82.1m of bank debt, of which KNOT 20 is repaying $23.4m at completion, which is expected by 31 December.
KNOP will pay $8.8m in cash, with seller financing in the form of a loan from KNOT adding another $12m to the pot.
KNOT
