Hamilton, Bermuda, 1 December 2016 - Höegh LNG Partners LP (NYSE: HMLP) ("HMLP" or the "Partnership") today announced that it plans to offer 5,500,000 common units, representing limited partner interests in the Partnership, in a public offering. The Partnership expects to grant the underwriters a 30-day option to purchase an additional 825,000 common units.
The Partnership intends to use the net proceeds from the offering to fund the cash purchase price of its previously announced acquisition of a 51% ownership interest in the owner of the entities that own and operate the floating storage and regasification unit ("FSRU") Höegh Grace . The Partnership intends to use the net proceeds from any exercise of the underwriters' option to purchase additional common units for general partnership purposes, which may include the purchase of an additional ownership interest in the owner of the entities that own and operate the Höegh Grace . If the acquisition does not close, the Partnership will use the net proceeds from the offering for general partnership purposes.
Citigroup and Barclays are acting as the joint book-running managers in connection with the offering. In addition, DNB Markets, Fearnley Securities and Stifel are acting as the joint lead managers in connection with the offering.
The Partnership owns, operates and acquires FSRUs and associated LNG infrastructure assets under long-term charters. The Partnership is structured as a master limited partnership. The Partnership's common units trade on the New York Stock Exchange under the symbol "HMLP."
When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission's website at http://www.sec.gov or from the joint book-running managers as follows:
Citigroup c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (800) 831-9146
Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (888) 603-5847 Email: barclaysprospectus@broadridge.com
This stock exchange notice does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The common units in the public offering will be offered and sold pursuant to an effective registration statement on Form F-3 previously filed with the Securities and Exchange Commission (the "SEC") (File No. 333-213781). The offering may be made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the SEC.
Contact Richard Tyrrell Chief Executive Officer and Chief Financial Officer, Höegh LNG Partners LP +44 7919 058830
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the Continuing Obligations of Oslo Børs
