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    Pavel Oliva • RockHill Global

    Pavel Oliva's questions to Knot Offshore Partners LP (KNOP) leadership

    Pavel Oliva's questions to Knot Offshore Partners LP (KNOP) leadership • Q1 2025

    Question

    Pavel Oliva asked for details on the upcoming 2025 refinancings, vessel valuations and loan-to-value ratios, the potential for higher re-chartering rates, and the process for executing drop-down transactions.

    Answer

    CEO and CFO Derek Lowe clarified that the 2025 refinancings involve two revolving credit facilities and loans for the Tove and Synnøve Knutsen. He noted vessel valuations have held steady and that refinancing could potentially generate liquidity. While declining to comment on specific future rates, he acknowledged the market is stronger and stated a typical drop-down takes 2-4 months.

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    Pavel Oliva's questions to Knot Offshore Partners LP (KNOP) leadership • Q3 2024

    Question

    Pavel Oliva questioned the strategy for the Dan Sabia, including swap potential, and the North Sea market outlook. He also highlighted the disconnect between debt and equity costs, urging the board to consider dividend increases or share buybacks.

    Answer

    CEO & CFO Derek Lowe stated that a swap for the Dan Sabia is a potential outcome but is commercially complex. He expressed optimism for the North Sea market but noted charterers are slow to commit. Regarding capital allocation, he acknowledged the point, stating the board's priority has been rebuilding the charter pipeline but will evaluate all options, including distributions, once the Dan Sabia's employment is secured.

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