Hamilton, Bermuda 3 February 2020 - Höegh LNG Holdings Ltd. ("Höegh LNG", the "Issuer") today cancelled the company's total holding (USD 34,600,000) of the bond Höegh LNG Holdings Ltd. 15/20 FRN USD C with ISIN NO0010739683. The new outstanding amount after the cancellation will be USD 95,400,000.
Nordic Trustee AS (the "Bond Trustee") acts as bond trustee for the Bondholders in the above-mentioned bond issue (the "Bond Issue") where Höegh LNG Holdings Ltd. is issuer. All capitalized terms used herein shall have the meaning assigned to them in the bond agreement originally dated 3 June 2015 (the "Bond Agreement").
The Issuer has in a letter to the Bond Trustee on 3 February 2020 notified that the Issuer will exercise the call option to redeem USD 30,400,000, equal to 31.9%, of the outstanding bonds of the Bond Issue in accordance with clause 10.2.1 (Call Option) of the Bond Agreement.
The payment will be carried out as follows:
Redemption amount: USD 30,400,000
Redemption price: 101% of par value plus accrued and unpaid interest
Record Date: 16 March 2020
Settlement Date: 18 March 2020
***