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	<title>Marine Money Archives &#187; K-Sea Transportation Partners L.P.</title>
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	<description>The Ship Finance Publication Of Record</description>
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		<title>K-Sea Financing in Place – Kirby Taps Banks</title>
		<link>http://www.marine-money.com/archive/k-sea-financing-in-place-%e2%80%93-kirby-taps-banks</link>
		<comments>http://www.marine-money.com/archive/k-sea-financing-in-place-%e2%80%93-kirby-taps-banks#comments</comments>
		<pubDate>Thu, 16 Jun 2011 14:34:28 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Amegy Bank]]></category>
		<category><![CDATA[Bank of Texas]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Branch Banking & Trust Company]]></category>
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		<category><![CDATA[Comerica]]></category>
		<category><![CDATA[Compass Bank]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[K-Sea Transportation Partners L.P.]]></category>
		<category><![CDATA[Keybank]]></category>
		<category><![CDATA[Kirby Corporation]]></category>
		<category><![CDATA[Mizuho]]></category>
		<category><![CDATA[Northern Trust]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
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		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10430</guid>
		<description><![CDATA[On the last day of May, Kirby Corporation entered into a $540 million five-year unsecured floating rate term loan facility led by Wells Fargo, BofA Merrill Lynch and J.P. Morgan. Lenders include BTMU, Branch Banking &#038; Trust Company, Compass Bank, RBS, U.S. Bank, Amegy Bank, Bank of Texas, Comerica, Keybank, Mizuho, Northern Trust and Royal Bank of Canada. Proceeds of the loan will be to provide financing for Kirby’s acquisition of K-Sea Transportation Partners L.P., with the amount drawn dependent on the final breakdown of the merger consideration between stock and cash.]]></description>
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		</item>
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		<title>A Coastwise Move – Kirby Acquires K-Sea</title>
		<link>http://www.marine-money.com/archive/a-coastwise-move-%e2%80%93-kirby-acquires-k-sea</link>
		<comments>http://www.marine-money.com/archive/a-coastwise-move-%e2%80%93-kirby-acquires-k-sea#comments</comments>
		<pubDate>Thu, 17 Mar 2011 15:46:31 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[K-Sea Transportation Partners L.P.]]></category>
		<category><![CDATA[Kirby Corporation]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10200</guid>
		<description><![CDATA[Kirby Corporation announced earlier this week an agreement to acquire K-Sea Transportation Partners L.P., an operator of tank barges and tug boats participating in the U.S. coastwise trade of refined petroleum products. The total value of the transaction is approximately $600 million, consisting of $335 million for the equity and the re-financing of $265 million of K-Sea debt.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Life Preserver – K-Sea Receives Equity Investment and Restructures Debt</title>
		<link>http://www.marine-money.com/archive/life-preserver-%e2%80%93-k-sea-receives-equity-investment-and-restructures-debt</link>
		<comments>http://www.marine-money.com/archive/life-preserver-%e2%80%93-k-sea-receives-equity-investment-and-restructures-debt#comments</comments>
		<pubDate>Thu, 02 Sep 2010 21:09:29 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[First Reserve]]></category>
		<category><![CDATA[K-Sea Transportation Partners L.P.]]></category>
		<category><![CDATA[KA First Reserve]]></category>
		<category><![CDATA[Kayne Anderson Capital Advisors]]></category>
		<category><![CDATA[LLC]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=9570</guid>
		<description><![CDATA[Yesterday, K-Sea Transportation Partners L.P. announced that KA First Reserve, LLC ("KA First Reserve"), a partnership between First Reserve and Kayne Anderson Capital Advisors, agreed to invest up to $100 million in exchange for approximately 18.4 million convertible preferred units (the "Preferred Units"). All of the sales proceeds will be used to repay outstanding debt and pay fees and expenses related to the transaction.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>K-Sea In Rough Water</title>
		<link>http://www.marine-money.com/archive/k-sea-in-rough-water</link>
		<comments>http://www.marine-money.com/archive/k-sea-in-rough-water#comments</comments>
		<pubDate>Thu, 05 Nov 2009 16:47:24 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[James Dowling]]></category>
		<category><![CDATA[K-Sea Transportation Partners L.P.]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6420</guid>
		<description><![CDATA[For the first quarter, <strong>K-Sea Transportation Partners L.P.</strong> reported lower operating results across the board largely reflecting market conditions in the Jones Act trades as well as an impairment charge attributed to an earlier than planned phase out of its single hulls vessels. Based upon its performance, the company cut its dividend from $0.77 to $0.45, a reduction of approximately 58%, and has proactively begun discussions with its banks with respect to potential breaches of covenants in its loan agreements, which may occur by the end of the 2nd or 3rd quarter.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>K-Sea Follows-On</title>
		<link>http://www.marine-money.com/archive/k-sea-follows-on</link>
		<comments>http://www.marine-money.com/archive/k-sea-follows-on#comments</comments>
		<pubDate>Thu, 21 Aug 2008 13:09:21 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[Stock]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[K-Sea Transportation Partners L.P.]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[RBC Capital Markets]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=3792</guid>
		<description><![CDATA[K-Sea Transportation Partners L.P. (“K-Sea”) announced last week the pricing of its public offering of 2 million units representing limited partner interests. With Lehman Brothers acting as the sole book-running manager, and RBC Capital Markets, as co-lead manager, the units were priced at $25.80 with expected net proceeds after expenses of $49.8 million. Proceeds will be used to re-pay existing indebtedness and make construction progress payments on newbuildings.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>K-Sea GP: Slice and Dice</title>
		<link>http://www.marine-money.com/archive/k-sea-gp-slice-and-dice</link>
		<comments>http://www.marine-money.com/archive/k-sea-gp-slice-and-dice#comments</comments>
		<pubDate>Thu, 13 Mar 2008 08:34:50 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Blackstone]]></category>
		<category><![CDATA[Buckeye]]></category>
		<category><![CDATA[EW LLC]]></category>
		<category><![CDATA[EW Transportation LLC]]></category>
		<category><![CDATA[Fortress]]></category>
		<category><![CDATA[Jefferies Capital Partners]]></category>
		<category><![CDATA[K-Sea GP Holdings LP]]></category>
		<category><![CDATA[K-Sea Transportation Partners L.P.]]></category>
		<category><![CDATA[Magellan]]></category>
		<category><![CDATA[Riverstone]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=3592</guid>
		<description><![CDATA[How many ways can you take a company public? When it comes to an MLP, there are at least two, as evidenced last week by K-Sea GP Holdings LP’s (“GP Holdings”) announcement that it plans an ini­tial public offering of common units.

Formed in December 2007, GP Holdings’ sole cash generating assets are partnership interests in K-Sea Transportation Partners L.P. (“KSP”). KSP is a publicly traded limited partnership that pro­vides marine transportation, distribution and logistical services for refined petroleum products in the United States. KSP currently operates a fleet of 73 tank barges, one tanker, and 59 tugboats that serves major oil companies, oil traders and refiners.
]]></description>
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