Hoegh LNG gets holder approval to amend floaters at July 4 meeting

By Susanna Moon

Chicago, July 7 – Hoegh LNG Holdings Ltd. said it secured bondholder approval at a meeting to amend its senior floating-rate callable bonds due 2017.

The bondholders’ meeting was held July 4 in Oslo. It was announced June 20.

As previously announced, the amendments were in connection with the potential formation of a master limited partnership and the listing of common units in the MLP on a U.S. stock exchange.

The company needed to obtain votes from holders representing at least half of the bonds to amend the notes. In order to form a quorum, half of the bonds needed to be represented at the meeting.

The bonds were issued in 2012.

Hoegh LNG is a Norwegian liquefied natural gas shipping company. The holding company is based in Hamilton, Bermuda.

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