Navigator Gas Announces Successful Completion of US$40 million Tap Issue of Existing 2024 Senior Unsecured Bonds in the Nordic Bond Market
Navigator Gas (NYSE: NVGS) has successfully completed a US$40 million tap issue in the Nordic bond market on March 28, 2025. The tap issue was executed under the company's existing 7.25% senior unsecured bond issue, which matures in October 2029. The bonds were priced at par value, with ISIN NO0013379446.
The total borrowing limit under the bonds is US$200 million, with US$60 million in borrowing capacity remaining available after this tap issue. The net proceeds will be utilized for general corporate purposes in accordance with the bond terms. Arctic Securities and DNB Markets served as Joint Global Coordinators and Joint Bookrunners, while Clarksons Securities and Fearnley Securities acted as Joint Bookrunners in the bond tap issue.
Navigator Gas (NYSE: NVGS) ha completato con successo un emissione supplementare di 40 milioni di dollari USA nel mercato obbligazionario nordico il 28 marzo 2025. L'emissione supplementare è stata eseguita nell'ambito dell'emissione obbligazionaria senior non garantita esistente al 7,25%, che scade nell'ottobre 2029. Le obbligazioni sono state quotate al valore nominale, con ISIN NO0013379446.
Il limite totale di indebitamento sotto le obbligazioni è di 200 milioni di dollari USA, con 60 milioni di dollari USA di capacità di indebitamento ancora disponibili dopo questa emissione supplementare. I proventi netti saranno utilizzati per scopi aziendali generali in conformità con i termini delle obbligazioni. Arctic Securities e DNB Markets hanno svolto il ruolo di Joint Global Coordinators e Joint Bookrunners, mentre Clarksons Securities e Fearnley Securities hanno agito come Joint Bookrunners nell'emissione supplementare di obbligazioni.
Navigator Gas (NYSE: NVGS) ha completado con éxito una emisión adicional de 40 millones de dólares estadounidenses en el mercado de bonos nórdico el 28 de marzo de 2025. La emisión adicional se realizó bajo la emisión existente de bonos senior no garantizados al 7,25%, que vence en octubre de 2029. Los bonos se fijaron al valor nominal, con ISIN NO0013379446.
El límite total de endeudamiento bajo los bonos es de 200 millones de dólares estadounidenses, con 60 millones de dólares estadounidenses de capacidad de endeudamiento aún disponible después de esta emisión adicional. Los ingresos netos se utilizarán para fines corporativos generales de acuerdo con los términos de los bonos. Arctic Securities y DNB Markets actuaron como Coordinadores Globales Conjuntos y Bookrunners Conjuntos, mientras que Clarksons Securities y Fearnley Securities actuaron como Bookrunners Conjuntos en la emisión adicional de bonos.
Navigator Gas (NYSE: NVGS)는 2025년 3월 28일 북유럽 채권 시장에서 4000만 달러의 추가 발행을 성공적으로 완료했습니다. 추가 발행은 2029년 10월 만기인 기존 7.25%의 선순위 무보증 채권 발행 하에 실행되었습니다. 채권은 액면가로 가격이 책정되었으며, ISIN NO0013379446입니다.
채권에 따른 총 차입 한도는 2억 달러이며, 이번 추가 발행 후 6000만 달러의 차입 가능액이 남아 있습니다. 순수익은 채권 조건에 따라 일반 기업 목적에 사용될 것입니다. Arctic Securities와 DNB Markets는 공동 글로벌 조정자 및 공동 북런너 역할을 했으며, Clarksons Securities와 Fearnley Securities는 채권 추가 발행의 공동 북런너로 활동했습니다.
Navigator Gas (NYSE: NVGS) a réussi à réaliser une émission supplémentaire de 40 millions de dollars américains sur le marché obligataire nordique le 28 mars 2025. L'émission supplémentaire a été effectuée dans le cadre de l'émission d'obligations senior non garanties existante à 7,25%, qui arrive à échéance en octobre 2029. Les obligations ont été émises à la valeur nominale, avec ISIN NO0013379446.
La limite totale d'emprunt sous les obligations est de 200 millions de dollars américains, avec 60 millions de dollars américains de capacité d'emprunt encore disponible après cette émission supplémentaire. Les produits nets seront utilisés à des fins d'entreprise générales conformément aux termes des obligations. Arctic Securities et DNB Markets ont agi en tant que coordinateurs globaux conjoints et bookrunners conjoints, tandis que Clarksons Securities et Fearnley Securities ont agi en tant que bookrunners conjoints lors de l'émission supplémentaire d'obligations.
Navigator Gas (NYSE: NVGS) hat am 28. März 2025 erfolgreich eine Nachemission von 40 Millionen US-Dollar auf dem nordischen Anleihemarkt abgeschlossen. Die Nachemission wurde im Rahmen der bestehenden 7,25%igen unbesicherten Unternehmensanleihe durchgeführt, die im Oktober 2029 fällig wird. Die Anleihen wurden zum Nennwert bepreist, mit ISIN NO0013379446.
Die Gesamtschuldengrenze unter den Anleihen beträgt 200 Millionen US-Dollar, wobei nach dieser Nachemission noch 60 Millionen US-Dollar an Kreditspielraum zur Verfügung stehen. Die Nettoerlöse werden für allgemeine Unternehmenszwecke gemäß den Anleihebedingungen verwendet. Arctic Securities und DNB Markets fungierten als gemeinsame globale Koordinatoren und gemeinsame Bookrunner, während Clarksons Securities und Fearnley Securities als gemeinsame Bookrunner bei der Nachemission von Anleihen tätig waren.
- Successfully raised US$40 million through bond tap issue
- Maintains additional US$60 million in borrowing capacity for future needs
- Bond issuance priced at par value, indicating strong market confidence
- Increases company's debt obligations with 7.25% interest rate
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
The borrowing limit under the Bonds is US
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.
About Navigator Gas
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
Navigator Gas’ common stock trades on the New York Stock Exchange under the symbol “NVGS”.
For media enquiries or further information, please contact:
Alexander Walster
Head of ESG & Communications
Email: communications@navigatorgas.com
Verde, 10 Bressenden Place, London, SW1E 5DH, UK
Tel: +44 (0)7857 796 052, +44 (0)20 7045 4114
Navigator Gas Investor Relations
Email: investorrelations@navigatorgas.com, randy.giveans@navigatorgas.com
333 Clay Street, Suite 2400, Houston, Texas, U.S.A. 77002
Tel: +1 713 373 6197, +44 (0)20 7340 4850
Investor Relations / Media Advisors
Nicolas Bornozis / Paul Lampoutis
Capital Link – New York
Tel: +1-212-661-7566
Email: navigatorgas@capitallink.com
Forward looking statements
This press release contains certain “forward-looking” statements (as defined by U.S. federal securities laws ) concerning various matters, such as plans and objectives of management for future operations or economic performance, or assumptions related thereto. In addition, we and our representatives may from time to time make other oral or written statements that are also forward-looking statements. In some cases, you can identify the forward-looking statements by the use of words such as “may,” “could,” “should,” “will,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “scheduled,” or the negative of these terms or other comparable terminology.
These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include but are not limited to those set forth in the periodic reports Navigator files with the U.S. Securities and Exchange Commission.
All forward-looking statements included in this press release are made only as of the date of this press release. New factors emerge from time to time, and it is not possible for us to predict all of these factors. Further, we cannot assess the impact of each such factor on our business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. We expressly disclaim any obligation to update or revise any forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of our common stock.
Category: Financial
FAQ
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