KNOT Offshore Partners is looking to tap investors for new funds with plans for an underwritten public offering.
It plans to offer 3m new units with the proceeds going towards acquisitions, capital expenditures, debt repayments working capital.
US-listed shuttle tanker MLP says BofA Merrill Lynch is acting as the sole bookrunner on the offering.
Based on KNOT Offshore Partners’ closing share price on Monday of $23.25,
