ROHSTOFF INTERNATIONAL

14:54 | 07.11.2017
KNOT Offshore Partners LP Announces Pricing of Public Offering of 3,000,000 Common Units

KNOT Offshore Partners LP (the “Partnership”) (NYSE: KNOP) announced
that it has priced its previously announced public offering of 3,000,000
common units, representing limited partner interests in the Partnership,
for total estimated gross proceeds of approximately $65.7 million before
deducting estimated offering expenses payable by the Partnership. The
offering is expected to close on November 9, 2017, subject to customary
closing conditions.

The Partnership intends to use the net proceeds that it receives in the
offering, and the related capital contribution by its general partner to
maintain its general partner interest, for general partnership purposes,
which may include, among other things, acquisitions, capital
expenditures, repaying indebtedness and funding working capital.

The Partnership owns, operates and acquires shuttle tankers under
long-term charters in the offshore oil production regions of the North
Sea and Brazil. The Partnership is structured as a master limited
partnership. The Partnership’s common units trade on the New York Stock
Exchange (“NYSE”) under the symbol “KNOP.”

BofA Merrill Lynch is acting as the sole bookrunner on the offering. The
underwriter may offer the common units from time to time for sale in one
or more transactions on the NYSE, in the over-the-counter market,
through negotiated transactions or otherwise at market prices prevailing
at the time of sale, at prices related to such prevailing market prices
or at negotiated prices.

When available, copies of the prospectus supplement and accompanying
base prospectus relating to the offering may be obtained free of charge
on the Securities and Exchange Commission’s website at http://www.sec.gov
or from the underwriter as follows:

BofA Merrill Lynch

NC1-004-03-43

200 North College Street, 3rd floor

Charlotte, NC 28255-0001

Attn: Prospectus Department

Email: dg.prospectus_requests@baml.com

This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The offering of the common units is being made pursuant to
an effective registration statement on Form F-3 previously filed with
the Securities and Exchange Commission (the “SEC”) (File No.
333-218254). This offering may be made only by means of a prospectus
supplement and accompanying base prospectus, which will be filed with
the SEC.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171107006011/en/


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