Navigator Gas Announces Entry Into $147.6 Million Secured Term Loan and Revolving Credit Facility

LONDON, Aug. 12, 2024 (GLOBE NEWSWIRE) — Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announced today that Navigator Atlas L.L.C., Navigator Aurora L.L.C., Navigator Europa L.L.C., Navigator Oberon L.L.C., and Navigator Triton L.L.C. (the “Borrowers”) has entered into a secured term loan and revolving credit facility dated August 9, 2024 (the “Facility Agreement”), with Credit Agricole Corporate and Investment Bank, ING Bank N.V., and Skandinaviska Enskilda Banken AB (PUBL), pursuant to which such lenders made available to the Borrowers, up to a maximum amount of $147.6 million, subject to the terms and conditions set out in the Facility Agreement, to refinance the Company’s existing March 2019 secured loan facility, to fund the repurchase of the Navigator Aurora pursuant to the Company’s existing October 2019 sale and leaseback arrangement, and for general corporate and working capital purposes.