The US-listed shuttle tanker player has filed a $750m shelf registration withthe US Securities and Exchange Commission (SEC).
KNOPsaid the net proceeds from any sale of shares under the filing will be used forrepayment of debt, acquisitions, capital expenditures and additions to workingcapital.
The company haspreviously said that it believes that there are “significant opportunities” forgrowth.
It says the demand for offshore shuttle tankers will over time continue togrow based on identified projects.
Under a shelf registration, a company may sell securitiesin one or more separate offerings with the size, price and terms to bedetermined at the time of sale.
On Wednesday KNOP reported a return to net profit inthe first quarter of 2014 helped by a grow in revenue.
Netearnings to 31 March were $6.4m, against a deficit of $3.2m in the same periodof 2013. Revenue grew to $21.77mfrom $13.46m.
