Hoegh LNG seeks approval to amend floaters at July 4 meeting

By Susanna Moon

Chicago, June 20 – Hoegh LNG Holdings Ltd. is seeking bondholder approval at a meeting to amend its senior floating-rate callable bonds due 2017.

The amendments are 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, according to a notice from trustee Norsk Tillitsmann ASA.

The bondholders’ meeting will be held July 4 in Oslo.

The company must 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 must 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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