Höegh LNG Holdings Ltd has signed a brand new mortgage facility settlement with a gaggle of banks to refinance Höegh Esperanza and Hoegh Gannet, each employed on long-term contracts in Germany.
The brand new mortgage facility settlement is for a complete quantity of US$685 million and has a tenor of 10 years. The mortgage quantity can be utilized to repay the prevailing mortgage services and normal company use. The ability is break up in two tranches, one per vessel.
Topic to customary closing circumstances being fulfilled, Höegh LNG expects to finish the refinancing of Höegh Esperanza in February. The refinancing of Hoegh Gannet is anticipated to be accomplished March/April, relying on having efficiently accomplished its commissioning for regasification operations in Germany.
“We’re very happy with securing a sexy, long-term financing for these two FSRUs with a robust group of worldwide banks,” stated Håvard Furu, the CEO of Höegh LNG.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/13022023/hegh-lng-refinances-two-fsrus/