KNOT Offshore Partners LP Prices 7.45M Unit IPO at $21.00/Unit

KNOT Offshore Partners LP

today announced that it priced its initial public offering of 7,450,000 common units at a price of $21.00 per unit. KNOT Offshore Partners has granted the underwriters a 30-day option to purchase up to 1,117,500 additional common units, at the same price per unit. The common units being offered to the public are expected to begin trading on April 10, 2013, on the New York Stock Exchange under the symbol “KNOP.” The offering is expected to close on or about April 15, 2013, subject to customary closing conditions. Following completion of the offering, Knutsen NYK Offshore Tankers AS, a Norwegian private limited liability company (“KNOT”), will