K-Sea Transportation Partners Lp - Current report filing (8-K)
December 20 2007 - 4:58PM
Edgar (US Regulatory)
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):
November 30, 2007
K-SEA TRANSPORTATION PARTNERS L.P.
(Exact name of
registrant as specified in its charter)
Delaware
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001-31920
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20-0194477
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(State or other jurisdiction
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(Commission File Number)
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(IRS Employer
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of incorporation)
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Identification No.)
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One Tower Center Boulevard, 17th
Floor
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East Brunswick, New Jersey
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08816
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(Address of principal executive offices)
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(Zip Code)
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Registrants 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 5.03.
AMENDMENTS TO ARTICLES OF INCORPORATION OR
BYLAWS; CHANGE IN FISCAL YEAR.
On December 14, 2007, the Board of Directors of K-Sea General
Partner GP LLC, a Delaware limited liability company and general partner of the
general partner of K-Sea Transportation Partners L.P., a Delaware limited
partnership (the Partnership), approved amendments to the Partnerships Third
Amended and Restated Agreement of Limited Partnership to comply with a New York
Stock Exchange rule requiring all listed securities to be eligible to
participate in a direct registration system operated by a securities
depository.
A copy of Amendment No. 1 to the Third Amended and Restated
Agreement of Limited Partnership of the Partnership has been included as Exhibit 3.1
to this Current Report on Form 8-K and is incorporated herein by
reference.
ITEM 8.01.
OTHER EVENTS.
On November 30, 2007, the Partnership entered into agreements with a
financial institution to swap the LIBOR-based, variable rate interest payments
on a total of $104.85 million of its credit agreement borrowings for fixed
rates, for a term of three years. The
variable LIBOR-based rate as of November 30, 2007 was 5.23%, and the fixed
rates to be paid by the Partnership average 4.01%.
ITEM 9.01.
FINANCIAL STATEMENTS AND EXHIBITS.
(d)
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Exhibits.
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3.1
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Amendment No. 1 to the Third Amended and Restated Agreement of
Limited Partnership of K-Sea Transportation Partners L.P.
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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.
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K-SEA
TRANSPORTATION PARTNERS L.P.
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By: K-SEA
GENERAL PARTNER L.P.,
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its general
partner
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By: K-SEA GENERAL PARTNER GP
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LLC, its general
partner
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Date:
December 20, 2007
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By:
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/s/ John J.
Nicola
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John J. Nicola
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Chief Financial
Officer
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