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Höegh LNG launches New York MLP IPO

Höegh LNG launches New York MLP IPO
Höegh LNG has launched it MLP initial public offering (IPO) on the New York Stock Exchange.

Höegh LNG Partners LP is offering 9.6m units, representing 36.5% of the limited partnership, with the underwriters granted a 30-day option for a further 1.44m units.

The MLP’s initial fleet comprises 50% interest in the FSRUs GDF Suez Neptune and GDF Suez Cape Ann, as well as a 100% interest in PGN FSRU Lampung.

Citigroup, BofA Merrill Lynch, Morgan Stanley, Barclays and UBS Investment Bank are acting as the joint book-running managers for the offering.  DNB Markets, Credit Agricole CIB and RS Platou Markets are acting as co-managers.