Business
Navigator Gas Announces Successful Completion of US$40 million Tap Issue of Existing 2024 Senior Unsecured Bonds in the Nordic Bond Market
LONDON, March 31, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (referred to herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that on March 28, 2025 it successfully completed a US$40 million tap issue in the Nordic bond market under its outstanding 7.25% senior unsecured bond issue due to mature in October 2029, with ISIN NO0013379446 (the “Bonds”). The borrowing limit under the Bonds i
About this update from Navigator Holdings Ltd.
[{"type":"image","alt":"Navigator Holdings Ltd.","displaySize":"","headline":null,"caption":"Navigator Holdings Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":28,"url":"https://media.zenfs.com/en/globenewswire.com/58fef961feb626aeef8f648d09652435"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yB6y_2uoBBJeYeRnO2tRHA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTM5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/58fef961feb626aeef8f648d09652435","width":300,"height":28}},"lazy":false},{"type":"text","content":"LONDON, March 31, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (referred to herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces that on March 28, 2025 it successfully completed a US$40 million tap issue in the Nordic bond market under its outstanding 7.25% senior unsecured bond issue due to mature in October 2029, with ISIN NO0013379446 (the “Bonds”).","length":462,"tagName":"p"},{"type":"text","content":"The borrowing limit under the Bonds is US$200 million. Following this tap issue of US$40 million, US$60 million in borrowing capacity remains available to the Company under the Bonds. The tap issue was priced at par value. The net proceeds from the tap issue are expected to be used for general corporate purposes in accordance with the bond terms governing the bonds, and the tap issue addendum to the bond terms that the Company expects to enter into in connection with the completion of the tap issue.","length":504,"tagName":"p"},{"type":"text","content":"Arctic Securities and DNB Markets acted as Joint Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities acted as Joint Bookrunners in the bond tap issue.","length":190,"tagName":"p"},{"type":"text","content":"About Navigator Gas","length":19,"tagName":"p"},{"type":"text","content":"Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas...