Navigator .(US:NVGS) Globenewswire·2025-05-05 12:15Core Viewpoint - Navigator Holdings Ltd. has secured a senior secured term loan and revolving credit facility of up to $300 million to refinance existing debt and support general corporate purposes, marking a significant milestone for the company in 2025 [1][2][4]. Financial Summary - The loan will be drawn by June 30, 2025, and will repay a $143.4 million secured loan maturing in September 2025 and a $14.7 million loan maturing in May 2027 [2]. - The Facility Agreement has a six-year tenor, maturing in 2031, with interest set at SOFR plus 170 basis points, and is secured by eight of the company's vessels [3]. Company Overview - Navigator Gas 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 [5]. - The fleet consists of 59 semi- or fully-refrigerated liquefied gas carriers, with 28 capable of transporting ethylene and ethane, playing a crucial role in the liquefied gas supply chain [5].