Chicago, Oct. 5 – Hoegh LNG Holdings Ltd. sold an additional NOK 320 million of notes due Jan. 30, 2025 at 93.61, according to a notice.
Initially, the issuer announced a tap of NOK 160.5 million before an investor phone call on Monday. The call was held for the purpose of increasing the amount of notes sold.
The first part of the transaction was based on reverse inquiry from noteholders who wanted to exchange NOK 150 million of the company’s senior notes due Feb. 1, 2022 for the January 2025 issue.
The Feb. 1, 2022 notes were repurchased at par. The company has now repurchased a total of NOK 295 million of the 2022 notes.
Danske Bank, Nordea and Swedbank were mandated to arrange the further tap issue and hosted the investor call.
Hoegh LNG is a Norwegian owner and operator of floating liquefied natural gas import terminals. The holding company is based in Hamilton, Bermuda.
| Issuer: | Hoegh LNG Holdings Ltd.
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| Issue: | Senior bonds
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| Amount: | NOK 320 million
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| Maturity: | Jan. 30, 2025
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| Lead managers: | Danske Bank Markets, Nordea and Swedbank
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| Price: | 93.61
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| Announcement date: | Oct. 5
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| Total issue size: | NOK 970 million
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