LNG

Dec 2 (LNGJ) - Hoegh LNG Partners, the US-listed affiliate of the Norwegian fleet owner and project company, has priced a share sale of 6 million common units at a public offering price of $17.60 per unit to raise $105.6 million. The partnership intends to use the net proceeds to fund its purchase from Hoegh LNG of a majority stake in the Floating Storage and Regasification Unit, the “Hoegh Grace”. Investment banks Citigroup and Barclays are acting as the joint book-running managers of the offering in addition to the brokers DNB Markets, Fearnley Securities and Stifel. The partnership has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares depending on demand.