Höegh LNG Partners LP
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
After the market closed on July 27, 2021, Höegh announced that it had cut its quarterly common unit distribution by 98% for the purpose of conserving cash to address near-term refinancing issues. Specifically, Höegh disclosed the collapse of the Company’s refinancing plans in regard to its FSRU Lampung facility, after the charterer of the vessel challenged Höegh’s new credit facility and the charter agreement with Höegh, announcing its intent to commence arbitration in order to terminate the charter and/or seek damages from Höegh. Höegh also announced that its parent company, Höegh LNG Holdings, will no longer provide financial support to Höegh. Höegh’s stock price fell $11.57 per share, or approximately 64%, on this news, to close at $6.30 per share on July 28, 2021, thereby injuring investors.
