Navigator Gas Announces Successful Completion of US$40 million Tap Issue of Existing 2024 Senior Unsecured Bonds in the Nordic Bond Market

Core Viewpoint - Navigator Holdings Ltd. successfully completed a US$40 million tap issue in the Nordic bond market under its existing 7.25% senior unsecured bond issue, maturing in October 2029, indicating strong market confidence and financial strategy [1][2]. Financial Summary - The total borrowing limit under the bond issue is US$200 million, with US$60 million remaining available after the recent tap issue [2]. - The tap issue was priced at par value, and the net proceeds will be utilized for general corporate purposes as per the bond terms [2]. Company Overview - Navigator Holdings Ltd. operates the world's largest fleet of handysize liquefied gas carriers, specializing in the transportation of petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia [4]. - The company owns a 50% stake in an ethylene export marine terminal located at Morgan's Point, Texas, enhancing its operational capabilities [4]. - The fleet comprises 59 semi- or fully-refrigerated liquefied gas carriers, with 28 capable of transporting ethylene and ethane, positioning the company as a key player in the liquefied gas supply chain [4].