Höegh LNG Holdings Ltd. (HLNG) has today submitted an application for stock exchange listing to Oslo Børs (the Oslo Stock Exchange), the company press release said.
It is expected that the Board of Directors of Oslo Børs will review the listing application on 15 June 2011 and that HLNG will be listed on or about 17 June 2011. HLNG is currently in the process of raising between USD 175 million to USD 225 million through a private placement to fund two Floating Storage and Re-gasification vessels (FSRUs) at Hyundai Heavy Industries for delivery in 4Q2013 and 1Q2014.
"Listing HLNG is an important step in realizing the Group's growth strategy, and enabling the company to continue to develop as one of the leading providers of integrated floating LNG services,” the Chairman of the Board of Directors Morten W. Høegh said.
DnB NOR Markets (Global Coordinator), ABG Sundal Collier and Pareto Securities act as Joint Lead Managers and Bookrunners in the private placement. Danske Bank and Nordea Markets act as Co-Managers.
Oslo-based Höegh LNG is an integrated floating LNG service provider with almost 40 years experience, offering long-term floating production, transportation, re-gasification and terminal solutions for Liquefied Natural Gas (LNG). The company operates a fleet of seven LNG carriers including two innovative Shuttle and Re-gasification Vessels (SRVs) operating as LNG carriers and floating terminals while delivering the natural gas to the market.
In addition the company holds a significant project development portfolio for both floating regasification as well as floating LNG production (FLNG). Höegh LNG has opened its offices in Singapore, London and Tampa. In total the company employs 350 people.