Brief: Höegh Autoliners: Exercise Of Option To Purchase Höegh Tracer

Hoegh Autoliners ASA

23/08/2022 14:18

Aug 23 (Reuters) - Hoegh Autoliners ASA  HAUTO.OL :
    * EXERCISE OF OPTION TO PURCHASE HÖEGH TRACER
    * THROUGH ITS SUBSIDIARY HÖEGH AUTOLINERS SHIPPING AS,
DECLARED AN
OPTION PURSUANT TO A CERTAIN BAREBOAT CHARTER PARTY TO PURCHASE
VESSEL HÖEGH TRACER (IMO 9684990) FOR A PURCHASE PRICE OF USD
53,200,000 FROM OCEAN YIELD
    * AVERAGE MARKET VALUE OF VESSEL ESTIMATED BY THREE
DIFFERENT
BROKERS WAS USD 82,000,000 BY END OF Q2 AND DIFFERENT FINANCING
OPTIONS FOR VESSEL ARE BEING EVALUATED
    * OWNERSHIP OF VESSEL WILL BE TRANSFERRED TO COMPANY DURING
Q1
2023, AND VESSEL WILL CONTINUE TO SERVE IN HÖEGH AUTOLINERS'
DEEP SEA NETWORK
    * ONE OF SISTER VESSELS TO HÖEGH TRACER, HÖEGH TRAPPER, ARE
ON A
SIMILAR LEASE FROM OCEAN YIELD. COMPANY HAS OPTION TO PURCHASE
ALSO THIS VESSEL WITH EXERCISE DATE IN DECEMBER THIS YEAR FOR
DELIVERY IN JUNE 2023

Source text for Eikon:  ID:nObic5GsLa 
Further company coverage:  HAUTO.OL 

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