Seaborne transportation services of petrochemical gases

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Navigator Gas (NVGS) Joins the Russell 3000 and Russell 2000 Indexes
Globenewswire· 2025-06-30 12:15
Core Viewpoint - Navigator Holdings Ltd. has been added to the Russell 3000 and Russell 2000 indexes, marking a significant milestone for the company and validating its consistent earnings growth and operational reliability [1][3]. Group 1: Company Overview - Navigator Holdings Ltd. operates the world's largest fleet of handysize liquefied gas carriers and is a leader 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 [4]. - The fleet consists of 58 semi- or fully-refrigerated liquefied gas carriers, with 27 capable of transporting ethylene and ethane [4]. Group 2: Index Inclusion Impact - Inclusion in the Russell 3000 and Russell 2000 indexes is expected to enhance Navigator Gas's shareholder base and increase daily trading liquidity [3]. - The Russell 3000 index includes the largest 3,000 U.S. public companies by market capitalization, while the Russell 2000 focuses on small-cap companies [2]. - Approximately $10.6 trillion in assets are benchmarked against Russell U.S. indexes, indicating the significance of this inclusion for investment managers and institutional investors [3].
Navigator Gas Announces 2025 Annual Meeting
Globenewswire· 2025-05-09 20:15
Company Overview - Navigator Holdings Ltd. operates the world's largest fleet of handysize liquefied gas carriers, specializing in the transportation of petrochemical gases such as ethylene, ethane, liquefied petroleum gas (LPG), and ammonia [5] - The company owns a 50% stake in an ethylene export marine terminal located at Morgan's Point, Texas, enhancing its operational capabilities [5] - Navigator Gas' fleet comprises 59 semi- or fully-refrigerated liquefied gas carriers, with 28 vessels capable of transporting ethylene and ethane [5] Annual Meeting Details - The 2025 Annual Meeting is scheduled for June 16, 2025, at 09:00 A.M. local time, to be held at the offices of Baker Botts LLP in New York [1] - The record date for voting at the Annual Meeting is set as May 5, 2025, where shareholders will vote on the election of Board members and the ratification of PricewaterhouseCoopers LLP as the independent public accounting firm [2] Regulatory Filings - The company has filed its Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission, which is accessible on the company's website [4] - The Notice of the Meeting and Proxy Statement will be mailed around May 9, 2025, and will also be available on the SEC's website [3]
Navigator Gas Announces Signing of $300 Million Senior Secured Term Loan and Revolving Credit Facility
Globenewswire· 2025-05-05 12:15
Core 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].