Höegh LNG completes bond refinancing

Image courtesy of Höegh LNG

Norway-based floating LNG giant Höegh LNG said it has refinanced its Nordic bond maturing in June with two new debt facilities. 

Refinancing of the Nordic bond maturing in June has been completed with two debt facilities, a new and smaller Nordic bond and a revolving credit facility (RCF).

“Refinancing part of the bond with an RCF gives us more financial flexibility and reduces our financing cost,” the company said in a brief statement through its social media channels.

To remind, the company secured an $80 million loan from three of its relationship banks.

Additionally, Höegh LNG completed a new senior unsecured bond issue of NOK 650 million ($72.9 million) with maturity date 30 January 2025.

In connection with the placement of the new bond issue, Höegh LNG has repurchased $28.4 million of the HLNG02 bonds.

Danske Bank, DNB Markets, Nordea, Swedbank and ABN AMRO acted as Joint Lead Managers for the bond issue.

Share this article

Follow LNG World News

Posted on January 20, 2020 with tags .


<< Apr 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >