Appleby has confirmed that it acted as Bermuda and Cayman counsel to Höegh LNG Holdings Ltd. and its subsidiaries (Höegh LNG) in connection with the formation of Höegh LNG Partners LP, a Marshall Islands limited partnership (MLP) and the MLP's initial public offering of 11 040 000 common units representing limited partner interests in the MLP at US$ 20/unit.
The common units began trading on the New York Stock Exchange on 7 August 2014 and the initial public offering closed on 12 August 2014.
The common units offered represent a 42% limited partner interest in the MLP. Höegh LNG Holdings Ltd owns the MLP's general partner and the remaining limited partner interest.
The MLP was formed to own, operate and acquire floating storage and regasification units (FSRUs), LNG carriers and other LNG infrastructure assets under long-term charters.
Höegh LNG provides floating LNG (FLNG) infrastructure services, offering regasification, transportation and production services under long-term contracts.
Appleby provided Bermuda and Cayman legal services in connection with the transaction.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/lng-shipping/15082014/appleby-acts-as-counsel-on-formation-of-hoegh-lng-partners-1215/