K-Sea Transportation Partners L.P. (KSP) To Offer 2.9M Shares
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K-Sea Transportation Partners L.P. (NYSE: KSP) intends to commence a public offering of 2.9 million common units representing limited partner interests pursuant to an effective shelf registration statement.
The net proceeds of the offering are expected to be used to repay indebtedness and make construction progress payments in connection with its vessel newbuilding program.
BofA Merrill Lynch and Wells Fargo Securities will act as joint book-running managers for the offering. RBC Capital Markets and UBS Investment Bank are acting as co-lead managers, and DnB NOR Markets, KeyBanc Capital Markets and Stifel Nicolaus are acting as co-managers for the offering.
The net proceeds of the offering are expected to be used to repay indebtedness and make construction progress payments in connection with its vessel newbuilding program.
BofA Merrill Lynch and Wells Fargo Securities will act as joint book-running managers for the offering. RBC Capital Markets and UBS Investment Bank are acting as co-lead managers, and DnB NOR Markets, KeyBanc Capital Markets and Stifel Nicolaus are acting as co-managers for the offering.
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