Shinsei Bank provided a $25 million revolving credit facility to KNOT Offshore Partners. The facility will be available to the KNOT until November 2023 and can be prepaid at any time. The margin payable on the facility is lower than the KNOT’s current average margin of 2.1% over LIBOR.
KNOT Offshore Partners owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil.
