Hoegh LNG has signed up for a $288 million debt facility covering half the cost of two newbuilding regasification vessels.

The Norwegian shipowner said the credit line will fund the ships for up to three years after delivery from Hyundai Heavy Industries.

The financing will also cover options for two more vessels at the South Korean shipyard if Hoegh exercises.

A syndicate of banks made up of Citigroup, Credit Agricole, DNB, Danske Bank and Nordea provided the loan.

Hoegh