UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 20, 2007


 

K-SEA TRANSPORTATION PARTNERS L.P.
(Exact name of registrant as specified in its charter)

 

Delaware

 

001-31920

 

20-0194477

(State or other jurisdiction

 

(Commission File Number)

 

(IRS Employer

of incorporation)

 

 

 

Identification No.)

 

One Tower Center Boulevard, 17th Floor

 

 

East Brunswick, New Jersey

 

08816

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (732) 565-3818


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

o                      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o                      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o                      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o                      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 




ITEM 8.01             OTHER EVENTS.

On September 20, 2007, K-Sea Transportation Partners L.P. (the “Partnership”) and certain of its subsidiaries entered into an underwriting agreement with Lehman Brothers Inc., Citigroup Global Markets Inc. and UBS Securities LLC, as representatives of the several underwriters named therein, with respect to the offer and sale in an underwritten public offering (the “Offering”) by the Partnership of up to 4,025,000 common units representing limited partner interests in the Partnership (including up to 525,000 common units issuable upon exercise of the underwriters’ over-allotment option) for a price of $39.50 per common unit.  The common units to be offered and sold in the Offering have been registered under the Securities Act of 1933, as amended, pursuant to the Partnership’s Registration Statement on Form S-3 (SEC File No. 333-142433), which was declared effective by the Securities and Exchange Commission on May 8, 2007.  The Partnership expects the transaction to close on or about September 26, 2007.

A copy of the underwriting agreement and press release with respect to the Offering have been filed as Exhibits 1.1 and 99.1, respectively, to this report.

ITEM 9.01             FINANCIAL STATEMENTS AND EXHIBITS.

(d)          Exhibits

The following exhibits are filed herewith:

1.1                                  Underwriting Agreement dated September 20, 2007 by and among K-Sea Transportation Partners L.P., K-Sea General Partner L.P., K-Sea General Partner GP LLC, K-Sea Operating Partnership L.P. and K-Sea OLP GP LLC, on the one hand, and Lehman Brothers Inc., Citigroup Global Markets Inc., UBS Securities LLC, on the other hand, as representatives of the several underwriters.

5.1                                  Opinion of Baker Botts L.L.P.

8.1                                  Opinion of Baker Botts L.L.P. relating to tax matters.

23.1                            Consent of Baker Botts L.L.P. (included in Exhibit 5.1 hereto).

23.2                            Consent of Baker Botts L.L.P. (included in Exhibit 8.1 hereto).

99.1                            Press Release dated September 21, 2007.

2




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

K-SEA TRANSPORTATION PARTNERS L.P.

 

 

 

 

 

 

 

 

By:

K-SEA GENERAL PARTNER L.P.,

 

 

 

 

its general partner

 

 

 

 

 

 

 

 

 

By:

K-SEA GENERAL PARTNER GP
LLC, its general partner

 

 

 

 

 

 

Date: September 21, 2007

 

 

 

By:

/s/ John J. Nicola

 

 

 

 

 

John J. Nicola

 

 

 

 

 

Chief Financial Officer

 

3




EXHIBIT INDEX

EXHIBIT
NUMBER

 

EXHIBIT DESCRIPTION

 

 

 

1.1

 

Underwriting Agreement dated September 20, 2007 by and among K-Sea Transportation Partners L.P., K-Sea General Partner L.P., K-Sea General Partner GP LLC, K-Sea Operating Partnership L.P. and K-Sea OLP GP LLC, on the one hand, and Lehman Brothers Inc., Citigroup Global Markets Inc. and UBS Securities LLC, on the other hand, as representatives of the several underwriters.

 

 

 

5.1

 

Opinion of Baker Botts L.L.P.

 

 

 

8.1

 

Opinion of Baker Botts L.L.P. relating to tax matters.

 

 

 

23.1

 

Consent of Baker Botts L.L.P. (included in Exhibit 5.1 hereto).

 

 

 

23.2

 

Consent of Baker Botts L.L.P. (included in Exhibit 8.1 hereto).

 

 

 

99.1

 

Press Release dated September 21, 2007.

 

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