Höegh LNG Partners sells shares to fund FSRU acquisitions

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By LNG World News Image courtesy of Höegh LNGHöegh LNG Partners on Thursday said it will offer 4 million shares to repay outstanding debt for the floating storage and regasification unit (FSRU) Höegh Gallant.
The partnership priced the 8.75 percent Series A preferred unit, representing limited partner interest, at $25 per unit.
The offering is expected to close on 5 October 2017, and the partnership has granted the underwriters a 30-day option to purchase up to an additional 600,000 Series A preferred units.
In addition to using the net proceeds to repay the approximately $34.4 million outstanding under the 8 percent seller’s credit note related to the

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