Höegh LNG: Successfully completes tap issue and announces fixed income investor call

Hamilton, Bermuda 5 October 2020 - Höegh LNG Holdings Ltd. ("Höegh LNG" or the “Company”) has successfully completed a tap issue of NOK 160.5 million under its existing senior unsecured bonds with maturity date 30 January 2025 and ISIN NO0010873755 (“HLNG04”). The tap issue was exercised on a reversed inquiry basis as a switch from NOK 150m in the Company’s senior unsecured bonds with maturity date 1 February 2022 and ISIN NO0010782949 (“HLNG03”). The tap issue of HLNG04 was priced at 93.61% of par value, and the bonds in HLNG03 were repurchased at 100% of par.

Following the transaction, the company will offer investors to participate on equal terms in a further tap issue. Danske Bank, Nordea and Swedbank has been mandated to facilitate the tap issue and arrange a global investor call at 13:00 CET today.

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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.