Business Context and Reporting Period
This Form 6-K filing by KNOT Offshore Partners LP covers the month of June 2014, with the report signed on June 27, 2014. The filing primarily serves to incorporate by reference an Underwriting Agreement dated June 24, 2014, related to a registration statement on Form F-3. The registrant is a foreign private issuer based in Aberdeen, United Kingdom.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural filing to disclose legal agreements and opinions rather than a financial results report.
Material Changes and Transactions
- Underwriting Agreement: Entered into on June 24, 2014, with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., and Barclays Capital Inc. as representatives.
- Debt Facilities: A Term and Revolving Facilities Agreement was executed on June 10, 2014, involving borrowers KNOT Shuttle Tankers 18 AS, Knot Shuttle Tankers 17 AS, and Knutsen Shuttle Tankers 13 AS.
- Asset Acquisitions: Two Share Purchase Agreements were signed on June 23, 2014, between Knutsen NYK Offshore Tankers AS and KNOT Shuttle Tankers AS.
Guidance, Risks, and Legal Opinions
The filing includes legal opinions regarding the validity of securities (Watson, Farley & Williams LLP) and tax matters in the U.S., Marshall Islands, and Norway (Vinson & Elkins L.L.P. and Advokatfirmaet Thommessen AS). No specific management guidance, outlook, or discussion of risks is contained within the text of this specific Form 6-K.
Investor Verification Checklist
- Verify the terms and pricing of the securities offering detailed in the Underwriting Agreement (Exhibit 1.1).
- Review the specific terms of the Term and Revolving Facilities Agreement (Exhibit 10.1) to understand new debt obligations.
- Confirm the assets and financial impact of the Share Purchase Agreements (Exhibits 10.2 and 10.3).
- Consult the referenced Form F-3 (No. 333-195976) for detailed financial data and risk factors not present in this summary.