Brief: Hoegh Autoliners Sells Vessel For $61 Mln

Hoegh Autoliners ASA

27/02/2024 14:10

Feb 27 (Reuters) - Hoegh Autoliners ASA  HAUTO.OL :
    * THROUGH ITS SUBSIDIARY HÖEGH AUTOLINERS SHIPPING AS, HAS REACHED AN AGREEMENT FOR SALE OF
VESSEL
HÖEGH CHIBA  FOR A PRICE OF USD 61 MILLION
    * THROUGH SUBSIDIARY HÖEGH AUTOLINERS SHIPPING HAS ALSO DECLARED OPTION TO PURCHASE VESSEL
HÖEGH
JEDDAH (IMO 9673381)
    * PURCHASE PRICE FOR HÖEGH JEDDAH IS USD 43.2 MILLION, AVERAGE MARKET VALUE IS USD 91
MILLION (PER
31 DEC 2023)
    * CHIBA EXPECTED TO BE DEBT-FREE AT TIME OF DELIVERY, VESSEL WILL BE DELIVERED TO NEW OWNER
BY AUG
2024
    * TRANSACTION FOR JEDDAH WILL BE COMPLETED IN SEPT 2024, CO INTENDS TO FINANCE PURCHASE
PRICE
FULLY BY MORTGAGE DEBT THROUGH ITS FLEET CREDIT FACILITY

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

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