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Höegh LNG finances FSRUs with $412m credit facility

Höegh LNG finances FSRUs with $412m credit facility
Höegh LNG Holdings has signed a firm agreement for a $412m credit facility with a group of seven banks to finance a pair of its FSRUs.

ABN Amro, Citibank, Crédit Agricole, Danske Bank, DNB, Nordea, and Swedbank are all participating in the credit facility.

"We are very pleased to have concluded this attractive financing for the last two of the four FSRUs currently under construction at Hyundai Heavy Industries. The structure of this financing underlines HLNG's strong and leading position in the growing FSRU market," commented Höegh LNG's president and ceo, Sveinung J. S. Støhle.

Höegh LNG Partners recently submitted its registration statement to the Securities and Exchange Commission to form an MLP.