News Releases

Baker Botts Represents KNOT Offshore Partners LP in Establishment of “At-the-Market” Program


Deal Description: On August 26, 2021, KNOT Offshore Partners LP (the “Partnership”) (NYSE: KNOP) established an “at-the-market program” and entered into an At-the-Market Issuance Sales Agreement with B. Riley Securities, Inc., as sales agent (the “Agent”), pursuant to which the Partnership may offer and sell from time to time up to $100 million of its common units representing limited partner interests in the Partnership through the Agent.

The Partnership intends to use any net proceeds of the sales of offered units for general partnership purposes, which may include, among other things, the repayment of indebtedness or the funding of acquisitions or other capital expenditures.

Baker Botts represented the Partnership in the program.

The Baker Botts Team included:

Corporate: Catherine Gallagher (Partner, Washington, D.C.); Lee Neel Davis (Special Counsel, Washington, D.C.); Henry Klimowicz (Associate, New York); Tax: Jon Lobb (Partner, Houston); Snow Xue Rui (Associate, Dallas).

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit



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