Höegh Evi: Interim results for the quarter ended 30 September 2024

14 Nov 2024 08:00 CET

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.

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