Hoegh LNG Partners LP

HMLP

On July 27, 2021, after the market closed, Höegh announced a 98% reduction to its quarterly common unit distribution.  The Company said its needs to preserve cash due to near-term refinancing issues related to its FRSU facility off the coast of Indonesia. Höegh announced that it will no longer receive financial support from its parent company, Höegh LNH Holdings.

On this news, Höegh's stock price fell $11.57 per share, or  64.7%, to close at $6.30 per share on July 28, 2021.

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