Höegh LNG - Successful placement of new unsecured bonds
Hamilton, Bermuda, 19 January 2017 - Reference is made to the notification sent earlier today regarding a potential bond issue by Höegh LNG Holdings Ltd. ("HLNG"). HLNG has successfully completed a new senior unsecured bond issue of NOK 1,500 million in the Nordic bond market with maturity date 1 February 2022. The bond issue was substantially oversubscribed and will be swapped from floating 3M NIBOR to fixed USD interest rate.
The net proceeds from the contemplated bond issue shall be used for the part refinancing of the bond issue with ticker HLNG01 (ISIN: NO001066095.4) and general corporate purposes. An application will be made for the bonds to be listed on Oslo Børs.
Danske Bank Markets, DNB Markets and Nordea Markets acted as joint lead managers for the bond issue.
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About Höegh LNG:
Höegh LNG provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions and the strategy is to continue to focus its growth plans in the FSRU market, with the objective of securing long-term contracts with strong counterparties at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, China, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 110 office staff and 500 seafarers.
Contacts:
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 975 57 406
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs