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Höegh LNG secures debt financing for FSRU newbuild

Norway-based Höegh LNG has received commitments for $177m for its ninth floating storage regasification unit newbuilding, which is due for delivery in the fourth quarter of 2018. The debt financing comes from existing and new lenders

The facility comprises a 12-year tranche of $132m guaranteed by K-Sure, South Korea’s export credit agency, and a five-year non-amortising commercial bank tranche of $45m

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