Navigator Holdings Ltd. (Navigator or Company) (NYSE: NVGS), the master and you may agent of the earth’s largest collection regarding handysize liquefied energy carriers, are thrilled to declare one towards the , Navigator Gas L.L.C. (new Borrower) registered into the a secured title financing studio (brand new Facility Arrangement) that have as well as others, Nordea Bank Abp, V., and BNP Paribas S.Good., pursuant that such as for example loan providers obtainable as much as $200.0 mil, susceptible to the new small print lay out regarding the Business Contract. V. try sustainability coordinator beneath the Facility Arrangement.

The new $2 hundred billion mortgage try completely taken down on , to repay a couple of Organization’s financial loan place that have been due to mature after into the 2023, plus providing a supplementary $65

The fresh new Business Contract has a sustainability-connected margin modifications which have a couple secret results symptoms (KPIs). You to definitely KPI is related so you can fleet environmental requirements therefore the next is related to commission plans for females into the leaders positions from the Navigator annually, having a primary target regarding 22% by the end of 2023, expanding year by the year so you can a last address from 35% of women into the leadership opportunities of the 2028.

We have been invested in boosting gender diversity along the company inside the an industry having typically been male reigned over. In terms of the audience is alert, so it Facility Contract about gender assortment is one of the to begin the kind on the markets, so we try enthusiastic about achieving all of our needs supporting broad transform in the business.

Regarding Navigator Gas Navigator Holdings Ltd. ‘s the proprietor and you will agent of your own world’s premier fleet off handysize liquefied gas providers and you may a major international frontrunner on seaborne transport services of petrochemical fumes, instance ethylene and you can ethane, liquefied oil gasoline (LPG) and you will ammonia and you can owns a fifty% show, as a consequence of a joint venture, in a keen ethylene export marine terminal at Morgan’s Part, Colorado toward Houston Watercraft Route, Us. Navigator’s fleet today consists of 56 partial- or totally-chilled liquefied energy providers, twenty five of which was ethylene and you will ethane able to. The business plays a crucial role on liquefied energy have strings for time companies, industrial consumers and you will commodity traders, featuring its advanced level boats bringing a simple yet effective and credible drifting pipeline’ involving the events, hooking up the nation today, carrying out a renewable the next day.

ABN AMRO Bank N

Navigator Gas Attention: Investor Relations and Address: 333 Clay Street, Suite 2400, Houston, Texas, U.S.A. 77002 Tel: +1 713 373 6197 and +44 (0)20 7340 4850

Forward looking Statements So it press release contains certain forward-looking comments (because the discussed because of the Bonds and you can Exchange Payment) in regards to the plans and you will expectations regarding government to have future surgery otherwise financial show, or assumptions relevant thereto, along with statements regarding the Businesses KPIs under the Facility Contract and you can the performance in terms of men and women KPIs in addition to positive points to Navigator as well as shareholders. In addition, i and you will the agents could possibly get periodically make most other oral otherwise written comments that will be in addition to give-searching statements. Sometimes, you could pick this new give-looking statements by the use of terminology for example could possibly get, could, would be to, do, assume, package, desired, intend, forecast, believe, imagine, predict, suggest, potential, keep, arranged, or perhaps the negative of these terms and conditions and other similar terminology. These types of pass-searching comments involve of a lot threats and concerns which will cause genuine leads to differ materially regarding those people indicated or suggested from the like comments. These types of risks and you may concerns is but are not restricted to the people established regarding unexpected records Navigator records on the Ties and you may Change Commission.

Every pass-lookin comments among them press release are produced only because the of your own big date from the press release. The brand new items come out of time to time, and is also impossible for us so you can anticipate all of payday loan Keenesburg this type of activities. After that, we can not measure the impression of any particularly factor into the the organization or even the the total amount that one basis, or combination of things, might cause real results to become materially unlike those people contained in any forward-looking declaration. We explicitly disclaim people responsibility so you’re able to up-date or upgrade people give-looking comments, whether due to future situations, the fresh new guidance, a modification of our opinions otherwise expectations, or else. We build no anticipate or statement regarding the show of your preferred stock.