Höegh Evi: Interim results for the quarter ended 30 September 2024
Hamilton, Bermuda, 14 November 2024 - Höegh Evi Ltd. ("Höegh Evi") today reports its interim financial results for the quarter ended 30 September 2024. The group reported an EBITDA of USD 83 million for the third quarter of 2024, compared to USD 75 million for the preceding quarter.
Subsequent to the quarter end, Höegh Evi closed a new 7-year loan facility of USD 625 million consisting of a USD 375 million term loan and a USD 250 million revolving credit line. The proceeds from the term loan tranche have been applied to repay the outstanding amounts under the existing debt facilities for Hoegh Giant, Höegh Grace and Höegh Gallant.
Höegh Evi continues to develop its clean energy business. In November, Höegh Evi and Port La Nouvelle announced the signing of an MoU to develop a floating terminal for hydrogen imports in France. The terminal will facilitate the import of up to 210 000 tonnes of hydrogen per year as early as 2030, according to the project timeline and dependent on the readiness of France's hydrogen pipeline.