Appleby Advises Höegh LNG Holdings Ltd
Appleby acted as Bermuda and Cayman counsel to Höegh LNG Holdings Ltd. and its subsidiaries 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 USD 20.00 per 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 and 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, liquefied natural gas carriers and other LNG infrastructure assets under long-term charters.
Höegh LNG Holdings Ltd., a Bermuda exempted company, is listed on the Oslo Stock Exchange. Höegh LNG provides floating LNG infrastructure services, offering regasification, transportation and production services under long-term contracts.
Appleby provided Bermuda and Cayman legal services in connection with the transaction. The Appleby Bermuda team was led by Cameron Adderley, Global Practice Group Head Corporate, assisted by Corporate & Commercial Partner Timothy Counsell and Associates Jerome Wilson and Tiffany Boys. The Appleby Cayman team was led by Corporate & Commercial Partner Simon Raftopoulos with Senior Associate Caroline Barton.
