Hamilton, Bermuda, 26 January 2018 - Höegh LNG Partners LP ("HMLP" or "the partnership") today filed a prospectus supplement with the Securities and Exchange Commission ("SEC") to inform that it has entered into a sales agreement with B. Riley FBR, Inc. (the agent), relating to its common units, as well as its 8.75% Series A Preferred Units (together "the offered units"). In accordance with the terms of the sales agreement, HMLP may offer and sell, from time to time, new offered units having an aggregate offering price of up to USD 120 million through the agent in an "at the market" offering.
Sales of HMLP's offered units, if any, may be made in negotiated transactions or transactions that are deemed to be "at the market". The partnership intends to use net proceeds from the sales of the offered units, if any, for general partnership purposes, which may include the repayment of indebtedness, the funding of future acquisitions or other capital expenditures, among other things.
For further details please refer to http://hmlp.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=12498622&Type=HTML&filename=HOEGH_LNG_PARTNERS_LP_6K_20180126
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About Höegh LNG:
Höegh LNG provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions and the strategy is to continue to focus its growth plans in the FSRU market, with the objective of securing long-term contracts with strong counterparties at attractive returns. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia, China and Turkey. The company employs approximately 125 office staff and 500 seafarers.
Contacts:
Sveinung J. S. Støhle, President and Chief Executive Officer, Telephone +47 975 57 402
Steffen Føreid, Chief Financial Officer, Telephone +47 975 57 406
Erik Folkeson, Head of IR, Telephone +47 414 21 769
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs.