Höegh LNG : Secures debt financing for FSRU#8
Hamilton, Bermuda, 24 July 2017 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") has received commitment letters for a USD 230 million debt financing for FSRU#8 (the "Facility"). The Facility comprises a 12 year export credit agency ("ECA") term loan of up to USD 150 million backed by Garantiinstituttet for Eksportkreditt ("GIEK") and Eksportkreditt of Norway, and a 5 year non-amortising commercial bank loan of up to USD 80 million funded by ABN AMRO Bank, Danske Bank, Nordea and Swedbank. The Facility is available to fund 65% of the delivered cost of the FSRU with no employment