Hoegh LNG Partners has flipped cash flow from a troubled floating storage and regasification unit for more time to secure refinancing.
The New York-listed shipowner said in a regulatory filing that the lenders behind a loan for the 170,000-cbm PGN FSRU Lampung (built 2014) agreed to push the maturity date back from Wednesday until 14 January, 2022.
As part of the deal, the Hoegh subsidiary on the loan, PT Hoegh LNG Lampung, will not be allowed to pay any dividends to the company.
