Höegh in loan deals to repay ship debts

Written by  Ian Cochran
Thursday, 14 November 2024
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Höegh Evi, formerly Höegh LNG, has reported an EBITDA of $83 mill for the third quarter of this year.

This compares to $75 mill recorded in the second quarter.

Subsequently, the company has closed a new seven year loan facility of $625 mill, consisting of $375 mill term loan and a $250 mill revolving credit line.

The proceeds from the term loan have been used to repay the outstanding amounts under the existing debt facilities on the  ‘Hoegh Grant’, ‘Hoegh Grace’ and ‘Hoegh Gallant’. 

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