Business Context and Reporting Period
This Form 6-K filing by KNOT Offshore Partners LP covers the month of July 2014. The registrant is a foreign private issuer based in Aberdeen, United Kingdom, operating in the offshore shuttle tanker sector. The report primarily serves to incorporate specific loan and management agreements by reference into a pending Registration Statement on Form F-3.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt balances, or liquidity ratios. The document focuses exclusively on the execution and amendment of legal agreements rather than financial performance reporting.
Material Changes and Agreements
The filing discloses the following material contractual updates:
- Term Loan Facility (Knutsen Shuttle Tankers 14 AS): An amended and restated agreement dated July 11, 2011, was further amended by a Third Supplemental Agreement dated June 26, 2014.
- Term Loan Facility (Knutsen Shuttle Tankers 15 AS): An amended and restated agreement dated November 3, 2011, was further amended by a Second Supplemental Agreement dated June 26, 2014.
- Ship Management Agreements: Updated agreements were filed for the vessels Hilda Knutsen and Torill Knutsen between the respective borrower entities and KNOT Management AS.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook statements, or specific risk factors. The primary purpose of this submission is to update the registration statement with current debt and management documentation.
Investor Verification Checklist
- Review the full text of the Third Supplemental Agreement (June 26, 2014) for Knutsen Shuttle Tankers 14 AS to understand changes in loan terms.
- Review the Second Supplemental Agreement (June 26, 2014) for Knutsen Shuttle Tankers 15 AS for updated debt covenants or interest rates.
- Verify the terms of the amended Ship Management Agreements for the Hilda Knutsen and Torill Knutsen to assess operational cost structures.
- Consult the referenced Registration Statement on Form F-3 (No. 333-195976) for the context of these amendments within the company's capital raising efforts.