Höegh LNG: Successful tap issue under existing senior unsecured bonds

Hamilton, Bermuda 5 October 2020 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the “Company”) has today in aggregate successfully completed a NOK 320 million tap issue under the Company’s existing senior unsecured bonds with maturity date 30 January 2025 and ISIN NO0010873755. The tap issue was priced at 93.61% of par value and the total outstanding amount after the tap issue is NOK 970 million. The additional bonds will be issued under a temporary ISIN NO0010895089 until a listing prospectus for the additional bonds has been approved.

In conjunction with the tap issue, the Company has bought back NOK 295 million of the senior unsecured bonds with maturity date 1 February 2022 and ISIN NO0010782949 (“HLNG03”), at a price of 100% of par value.

Danske Bank, Nordea and Swedbank acted as Joint Lead Managers in connection with the placement of the tap issue.

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Contacts: 

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402 
Håvard Furu, Chief Financial Officer, Telephone +47 991 23 443
Knut Johan Arnholdt, VP IR and Strategy, Telephone +47 922 59 131

About Höegh LNG: 

Höegh LNG 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. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, China, Indonesia, Lithuania, Egypt, Colombia and the Philippines. The group employs approximately 175 office staff and 600 seafarers.