Höegh LNG - HÖEGH LNG PARTNERS LP CLOSES INITIAL PUBLIC OFFERING
August 12, 2014 - Höegh LNG Partners LP (the "Partnership"), a Marshall Islands limited partnership formed by Höegh LNG Holdings Ltd., announced today the closing of its initial public offering of 11,040,000 common units representing limited partner interests in the Partnership at $20.00 per unit. The common units issued at closing included 1,440,000 common units issued pursuant to the full exercise of the underwriters' option to purchase additional common units. The common units began trading on the New York Stock Exchange on August 7, 2014 under the symbol "HMLP".
The common units offered represent a 42.0% limited partner interest in the Partnership. Höegh LNG Holdings Ltd. owns the Partnership's general partner and the remaining limited partner interest.
The Partnership was formed to own, operate and acquire floating storage and regasification units, liquefied natural gas carriers and other LNG infrastructure assets under long-term charters. The Partnership's initial fleet will consist of interests in the following vessels: a 50% interest in the GDF Suez Neptune, a 50% interest in the GDF Suez Cape Ann and a 100% economic interest in the PGN FSRU Lampung.
Citigroup, BofA Merrill Lynch, Morgan Stanley, Barclays and UBS Investment Bank acted as the joint book-running managers for the offering. DNB Markets,Credit Agricole CIB and RS Platou Markets AS acted as co-managers. The offering was made only by means of a prospectus. Copies of the prospectus, which meets the requirements of Section 10A under the Securities Act of 1933, may be obtained from:
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 800-831-9146
Merrill Lynch, Pierce, Fenner & Smith Incorporated
222 Broadway
New York, NY 10038
Attn: Prospectus Department
Email: dg.prospectus_requests@baml.com.
Morgan Stanley & Co. LLC
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014
You may also obtain a copy of the prospectus free of charge at the U.S. Securities and Exchange Commission website, at www.sec.gov, under the Partnership's name.
Forward-Looking Statements:
This stock exchange notice contains "forward-looking" statements within the meaning of the federal securities laws. These statements contain words such as "possible," "intend," "will," "if" and "expect" and can be impacted by numerous factors, including risks relating to the securities markets generally, the impact of adverse market conditions affecting business of the Partnership, adverse changes in laws including with respect to tax and regulatory matters and other risks. There can be no assurance that actual results will not differ from those expected by management of the Partnership. The Partnership undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which the Partnership becomes aware of, after the date hereof.
Media contact:
Richard Tyrrell
Chief Executive Officer and Chief Financial Officer of Höegh LNG Partners LP
+44(0) 207 347 5401