K-Sea Prices IPO
Monday, September 24, 2007
K-Sea Transportation Partners L.P. (NYSE: KSP) announced today that it has priced its previously announced public offering of 3.5 million common units representing limited partner interests at $39.50 per unit. The offering is scheduled to close on September 26, 2007. K-Sea has also granted the underwriters a 30-day option to purchase a maximum of 525,000 additional common units to cover over-allotments. K-Sea intends to use the proceeds of the offering to repay indebtedness.