Brief: Knot Offshore Partners reports Qtrly Revenues Of $70.7 Mln

KNOT Offshore Partners LP

26/11/2018 19:34

Nov 26 (Reuters) - Knot Offshore Partners LP  KNOP.N :
    * QTRLY TOTAL REVENUES OF $70.7 MILLION
    * FLEET OPERATED WITH 99.9% UTILIZATION FOR SCHEDULED
OPERATIONS
IN QUARTER
    * Q4 EARNINGS TO BE AFFECTED BY COMPLETION OF PLANNED 5-YEAR
SPECIAL SURVEY DRYDOCKINGS OF TORILL KNUTSEN, INGRID KNUTSEN
    * QTRLY NET INCOME $20.9 MILLION VERSUS $21.1 MILLION A YEAR
AGO
    * SOME UNITS REFINANCED THEIR EXISTING BANK DEBT, ENTERING
NEW
LONG-TERM SENIOR SECURED CREDIT FACILITIES
    * NEW SENIOR SECURED CREDIT FACILITIES CONSIST OF A TERM
LOAN OF
$320 MILLION AND A $55 MILLION REVOLVING CREDIT FACILITY.
    * TERM LOAN BEARS INTEREST AT A RATE PER ANNUM EQUAL TO
LIBOR PLUS
A MARGIN OF 2.125%
    * REVOLVING CREDIT FACILITY WILL MATURE IN SEPTEMBER 2023,
AND
BEAR INTEREST AT LIBOR PLUS A MARGIN OF 2.125%

Source text for Eikon:  ID:nBw5fMRSLa 
Further company coverage:  KNOP.N 

 ((Reuters.Briefs@thomsonreuters.com;))