Höegh LNG - SUCCESSFUL PLACEMENT OF NEW UNSECURED BONDS
Reference is made to the notification sent earlier today 24 September 2012 regarding a potential bond issue by Höegh LNG Holdings Ltd. (HLNG).
HLNG has successfully completed the issuance of a senior unsecured bond issue of NOK 750 million in the Norwegian bond market with maturity date expected to be 3 October 2017. The bond issue will be swapped from NOK to USD and from floating to fixed interest rate.
The bond issue was oversubscribed.
The net proceeds from the bond issue shall be used for general corporate purposes.
An application will be made for the bonds to be listed at Oslo Børs.
DNB Markets, Nordea Markets and SEB Merchant Banking have acted as Joint Lead Managers for the bond issue.
About Höegh LNG
Höegh LNG is a fully integrated floating LNG services company with almost 40 years experience, offering long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market.
The company operates a fleet of six LNG carriers and two floating storage and regasification units (FSRUs). In addition Höegh LNG has three FSRUs under construction at Hyundai Heavy Industries. The company holds a significant project development portfolio for floating regasification as well as floating LNG production (FLNG).
Höegh LNG is a Bermuda company, which has also established presence in Oslo, Singapore, London and Tampa. In total the Company employs about 80 office staff and about 350 sea farers.
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
Arild Jæger, Head of Investor Relations, Telephone +47 975 57 408
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.