Höegh LNG Partners LP announced the closing of its initial public offering of 11,040,000 common units representing limited partner interests at US$ 20 per unit.
The common units issued at closing included 1,440,000 common units issued pursuant to the full exercise of the underwriters' option to purchase additional common units. The common units began trading on the New York Stock Exchange on 7 August 2014 under the symbol ‘HMLP’.
The common units offered represent a 42.0% limited partner interest in Höegh LNG Partners.
Höegh LNG Partners was formed to own, operate and acquire floating storage and regasification units, LNG carriers and other LNG infrastructure assets under long-term charters.
Its fleet will consist of interests in the following vessels: a 50% interest in the GDF Suez Neptune, a 50% interest in the GDF Suez Cape Ann and a 100% economic interest in the PGN FSRU Lampung.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/lng-shipping/13082014/hoegh-lng-partners-closes-initial-public-offering-1199/