Höegh LNG : Agreement to transfer the remaining 49% interest in Höegh Grace to Höegh LNG Partners LP
Hamilton, Bermuda, 16 November 2017 - Höegh LNG Holdings Ltd. ("Höegh LNG") today announced an agreement to transfer the remaining 49% ownership interest in Höegh LNG Colombia Holding Ltd. ("Grace Holding"), the sole owner of the entities that own and operate Höegh Grace, to Höegh LNG Partners LP ("HMLP") for a purchase price of USD 172.5 million, less USD 86.6 million in pro-rata indebtedness related to Höegh Grace expected to be outstanding at the closing date of the transaction. HMLP intends to settle the purchase price with a combination of cash at hand and a drawing under its revolving