Höegh LNG - Signing of USD 412 million Senior Secured Credit Facility

Reference is made to the stock exchange notice dated 27 January 2014 where Höegh LNG Holdings Ltd. ("Höegh LNG" or the "Company") announced that the Company had received commitment letters from a group of  banks for a USD 400 million Senior Secured Credit Facility for the financing of FSRU #3 and FSRU #4 (the "Facility").

Höegh LNG has now entered into a firm agreement for the Facility, which has been upsized to USD 412 million. The Facility is available for pre-and post-delivery financing, has a five year post-delivery tenor and a fifteen years repayment profile. Banks participating in the financing are ABN Amro, Citibank, Crédit Agricole, Danske Bank, DNB, Nordea, and Swedbank. Eksportkreditt is providing fixed rate funding (CIRR) for 20% of the Facility amount.  The interest rate will be swapped from floating to fixed.

Höegh LNG's President and Chief Executive Officer, Sveinung J. S. Støhle, said in a comment: "We are very pleased to have concluded this attractive financing for the last two of the four FSRUs currently under construction at Hyundai Heavy Industries. The structure of this financing underlines HLNG's strong and leading position in the growing FSRU market."

About Höegh LNG

Höegh LNG is a provider of floating LNG infrastructure services, offering regasification, transportation and production services under long-term contracts. The company operates a fleet of two floating storage and regasification units (FSRUs) which act as floating LNG import terminals, and four LNG transportation vessels. In addition, Höegh LNG has four new FSRUs on order and has developed a solution for floating LNG production (FLNG). Höegh LNG is a Bermuda based company with established presence in Oslo, Singapore, London, Tampa and Jakarta. The company employs approximately 95 office staff and 350 seafarers.

Contacts:

Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone + 47 97 55 74 06
Birgitte Hjertum, Investor Relations, Telephone +47 975 57 432

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.