Oslo, 9 April 2024: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code HAUTO) has recently secured new and long-term financing for all its
existing bank debt and the purchase of H. Jacksonville and H. Jeddah as well as
four of the Aurora newbuilds. The company has also secured additional liquidity
reserves.

The new fleet facility has a 6-year tenor, comes with reduced interest rates and
is covenant-light. Total facility size is USD 720 million, out of which USD 350
million is already drawn and the other USD 90 million will be drawn in
connection with the purchase of H. Jacksonville and Höegh Jeddah, with delivery
in April and September 2024 respectively. The remaining USD 280 million will be
drawn in connection with the delivery of the Aurora newbuilds number 1,2,5 and
6. Secured vessels under the facility are the 6 Horizon class vessels only,
leaving all other owned vessels (24) in the fleet debt-free. (H. Jeddah, H.
Jacksonville and the 4 Aurora vessels will be pledged when the debt is drawn).
The facility is structured as partly term loan and partly RCF, giving the
company flexibility when it comes to amortization. Minimum annual amortization
is considerably reduced compared to the previous facility given the age
structure of the financed vessels. 

In addition to the USD 720 million fleet facility, Höegh Autoliners has secured
a USD 200 million non-amortizing, four-year credit facility. This facility is
currently undrawn and will serve as an additional liquidity reserve and provide
flexibility for future capital allocation. 

The lenders in both facilities are Citibank, BNP Paribas, ING Bank, CA-CIB, DNB,
Danske Bank, SEB and Nordea. 

The other 8 newbuilds are all financed long-term by Bank of Communications at
attractive terms. 

Per Øivind Rosmo, CFO of Höegh Autoliners comment: "Höegh Autoliners is now
fully financed at attractive terms into 2030. Cash capacity cost and break-even
cash rates are historically low giving solid cash returns in today's market and
increased resilience through the cycle. All mortgage debt is secured with the
most modern and fuel-efficient part of our fleet and newbuilds. With 24 owned
vessels being debt free, attractive and flexible amortizations, only USD 30
million left in equity instalments for the 12 newbuilds, and the additional
liquidly reserve of USD 200 million, the Company is in a unique position to
continue to create shareholder's value". 

For further information, please contact:
Andreas Enger, CEO 
andreas.enger@hoegh.com
+47 901 31 228 
 
Per Øivind Rosmo, CFO 
per.oivind.rosmo@hoegh.com 
+ 47 400 39 938

My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086

Media contact:
Camilla Knappskog, Head of Communications
camilla.knappskog@hoegh.com
+47 926 66 156

About Höegh Autoliners:

Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off)
transportation services delivering cars, high and heavy and breakbulk cargoes
across the world. The Company operates around 40 RoRo vessels in global trade
systems and makes about 3 000 port calls each year. Our purpose is to develop
innovative solutions for greener and more sustainable deep sea transportation.
We are on a path to a zero emissions future and are working closely with
customers and partners to achieve this. Höegh Autoliners has its head office in
Oslo, Norway and employs around 390 people in its 16 offices worldwide and
around 1 170 seafarers.