Hoegh LNG Announces Revised Bond Amendment Terms

Source: www.gulfoilandgas.com 3/22/2021, Location: South America

Hoegh LNG Holdings Ltd. has instructed Nordic Trustee AS as trustee for its senior unsecured bond issues maturing in February 2022 (ISIN NO 0010782949) (“HLNG03”) and January 2025 (ISIN NO 0010873755) (“HLNG04”) to make certain revisions to the proposed bond amendments (the “Amendment Proposal”) announced on 8 March 2021. Following discussions with bondholders, HLNG has requested certain adjustments to the Amendment Proposal. The revised proposal is set out in the attached addendum to summons.

The revised proposal has received more than 50% support from holders of each of the HLNG03 and HLNG04 bond issues.

The background for the Amendment Proposal is the announcement on 8 March 2021 regarding an offer from Leif Hoegh & Co. Ltd. ("LHC") and funds managed by Morgen Stanley Infrastructure Partners to acquire the remaining shares outstanding of the Company not currently owned by LHC or its affiliates.

DNB Markets is acting as financial advisor to the Company.


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