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Hoegh LNG Holdings Ltd (HLNGH.OL)

HLNGH.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hoegh LNG Holdings secures $177 mln financing for FSRU number 9
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Hoegh LNG Holdings Ltd ::HÖEGH LNG : SECURES DEBT FINANCING FOR FSRU DELIVERY #9.HAS RECEIVED COMMITMENT LETTERS FOR A USD 177 MILLION DEBT FINANCING FOR FSRU #9, WHICH IS SCHEDULED TO BE DELIVERED IN THE FOURTH QUARTER OF 2018.HÖEGH LNG HOLDINGS LTD. ("HÖEGH LNG" OR "COMPANY") HAS RECEIVED COMMITMENT LETTERS FOR A USD 177 MILLION DEBT FINANCING FOR FSRU #9.FACILITY COMPRISES A 12-YEAR TRANCHE OF USD 132 MILLION GUARANTEED BY K-SURE (SOUTH KOREAN EXPORT CREDIT AGENCY) AND A FIVE-YEAR NON -AMORTISING COMMERCIAL BANK TRANCHE OF USD 45 MILLION.FACILITY IS AVAILABLE TO FUND 65% OF DELIVERED COST OF FSRU BASED ON A 16-YEAR BLENDED AMORTIZATION PROFILE.HÖEGH LNG INTENDS TO FIX INTEREST RATE AND BASED ON CURRENT SWAP RATE, FIXED INTEREST RATE IS EXPECTED TO BE AROUND 5%.  Full Article

Hoegh LNG well positioned to secure contracts for FSRU 9 and 10 -CEO
Thursday, 31 May 2018 

May 31 (Reuters) - Hoegh LNG Holdings Ltd ::HOEGH LNG CEO: IN GOOD POSITION TO SECURE LONG-TERM CONTRACT FOR FSRU NEWBUILD NUMBER 9 BEFORE YEAR-END.CEO: WE ARE INVOLVED IN SEVERAL TENDER PROCESSES.CEO: THE MARKET IS SHOWING MUCH MORE ACTIVITY THAN 12 MONTHS AGO, OUR CLEAR OBJECTIVE IS TO WIN TWO LONG-TERM CONTRACTS FOR OUR NEBUILDINGS, 9 AND 10, THAT'S OUR OBJECTIVE FOR THE YEAR.FSRU 9 HAS DELIVERY LATE 2018 AND FSRU HAS DELIVERY IN SPRING 2019, TARGET IS TO WIN NEW CONTRACTS BEFORE DELIVERY OF THE UNITS.ASIA AND MIDDLE EAST ARE THE MOST ACTIVE MARKETS .HÖEGH LNG PROVIDES FLOATING ENERGY SOLUTIONS AND OPERATES WORLD-WIDE AS OWNER AND OPERATOR OF FLOATING LNG IMPORT TERMINALS; FLOATING STORAGE AND REGASIFICATION UNITS (FSRUS) .  Full Article

Hoegh LNG terminates FSRU deal, hopes for alternative employment
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Hoegh Lng Holdings Ltd :Termination of fsru charter agreement with Global Energy Infrastructure.‍As explained in its q3 2017 financial report issued 16 november 2017, Hoegh lng has considered its options under contract with GEI​.‍Concluded to terminate fsru charter agreement signed 15 december 2016​.‍Hoegh lng is involved in several ongoing processes for alternative employment for fsru number 9, which was originally intended for the GEI project.‍Remains optimistic that firm fsru employment will be in place before delivery end 2018​.  Full Article

Hoegh LNG Holdings: Main owner Leif Höegh & co. Ltd. buys 250,000
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & co. Ltd. ("LHC"), a primary insider of Höegh Lng, purchased 250,000 common shares in company on 21 November 2017 for a price of nok 63.375 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is a primary beneficiary, holds a total of 32,479,953 shares, representing 42.0 pct of the shares in the Company and 311,591 common units in Höegh LNG Partners LP ("HMLP")​.  Full Article

Baupost sold 200,000 Hoegh LNG shares on behalf of clients
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hoegh LNG Holdings Ltd :‍baupost group sold 200,000 shares in hoegh lng holdings ltd on behalf of several clients​.‍baupost acts as discretionary investment adviser to its clients, and is authorized to exercise voting rights attached to shares under management on a discretionary basis.Following the transaction, the aggregate shareholding in HLNG over which Baupost is authorized to exercise voting rights on a discretionary basis is below 5 pct​.  Full Article

Hoegh LNG: Primary insider buys 250,000 shares in company at NOK 61.75 per share​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Hoegh Lng Holdings Ltd :‍Leif Höegh & Co. ltd, a primary insider of Höegh LNG, purchased 250,000 common shares in company on 20 november 2017 for a price of nok 61.75 per share.Following the above transaction, Leif Höegh & Co. Ltd., which is indirectly controlled by Leif O. Høegh and by family trusts under which Morten W. Høegh is the primary beneficiary, holds a total of 32,229,953 shares, representing 41.7% of the shares in the Company and 311,591 common units in Höegh LNG Partners LP.​.  Full Article

Hoegh LNG sold remaining 49 pct Grace stake for $172.5 mln
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :agreement to transfer the remaining 49% ownership interest in Höegh LNG Colombia Holding Ltd. ("Grace Holding"), the sole owner of the entities that own and operate Hoegh Grace, to Hoegh LNG Partners LP for a purchase price of USD 172.5 million, less USD 86.6 million in pro-rata indebtedness related to Hoegh Grace expected to be outstanding at the closing date of the transaction.  Full Article

Hoegh LNG Partners Lp agrees to buy remaining 49 pct interest in the FSRU Hoegh Grace
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Partners Lp -:HOEGH LNG PARTNERS LP AGREES TO ACQUIRE REMAINING 49% INTEREST IN THE FSRU HÖEGH GRACE.‍PURCHASE PRICE FOR ACQUISITION WILL BE $85.9 MILLION​.CO INTENDS TO SETTLE PURCHASE PRICE WITH COMBINATION OF CASH AND DRAWING UNDER ITS EXISTING REVOLVING CREDIT FACILITY​.HOEGH LNG PARTNERS LP - ANTICIPATES RECOMMENDING TO BOARD DISTRIBUTION INCREASE WITH RESPECT TO QUARTER ENDING MARCH 31, 2018 TO REFLECT ACQUISITION​.‍BOARD OF DIRECTORS OF PARTNERSHIP AND CONFLICTS COMMITTEE HAVE APPROVED ACQUISITION AND PURCHASE PRICE​.  Full Article

Hoegh LNG Holdings Q3 misses forecast due one-off provision
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Hoegh Lng Holdings Ltd :Hoegh lng q3 ebitda $‍31.6​ million (reuters poll $38.2 million).‍ebitda of usd 31.6 million, or usd 40.6 million adjusted for non-recurring items​.Hoegh lng q3 result after tax $‍1.1​ million.‍profit after tax of usd 1.1 million, or usd 10.8 million adjusted for non-recurring items​.Hoegh lng declares dividend of $‍0.125​ per share (reuters poll $0.125).‍activity in fsru and lngc markets is high​.‍remain confident that we will secure additional long term contracts to supplement our current backlog and fleet employment​.‍we are further pleased to see that strong financial platform of höegh lng is facilitating further diversification of debt and equity funding sources supporting growth of company​.Hoegh lng q3 operating result $20.4‍​ million (reuters poll $27.2 million).Provision made with regards to performance guarantees on neptune and gdf suez cape ann relating to the initial years when they were operated as lng carriers‍​.Confident it will reach its goal of having 12 fsrus in operation or under construction by 2019.Well positioned to take advantage of further growth opportunities‍​.  Full Article

UPDATE 1-Hoegh LNG Holdings secures $177 mln financing for 9th FSRU

* Has received commitment letters for a $177 million debt financing for FSRU 9, which is scheduled to be delivered in the fourth quarter of 2018