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Friday, March 31, 2017

KNOT Offshore Partners Announces Refinancing of Hilda Knutsen Facility and Change to Board

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ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP ("KNOT" or the "Partnership") (NYSE:KNOP) announced today that its subsidiary, KNOT Shuttle Tankers 14 AS (“KST14”), which owns the vessel Hilda Knutsen, has entered into a binding term sheet for a new senior secured credit facility in order to refinance the existing bank loan associated with this vessel. The existing bank loan has an outstanding principal amount of $75.6 million with a balloon amount of $69.5 million due at maturit

March 31, 2017 at 01:48AM

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