LONDON, January 30, 2017 /PRNewswire/ --
Navigator Holdings Ltd. (NYSE: NVGS) ('Navigator' or the
'Company') is contemplating the issuance of a new four-year senior
unsecured bond in the Norwegian bond market. The net proceeds from
the new bond issue are expected to be used towards repaying all of
the outstanding principal amount of the Company's USD 125 million senior unsecured bond issue with
ISIN NO 001 0665508 ("NAVIG01"). Subject to completion and
settlement of the contemplated new bond issue, Navigator will
exercise the call option in NAVIG01 to redeem NAVIG01 in full at
102.00% of par value plus accrued interest. There is no assurance
that the offering will be completed or, if completed, as to the
terms on which it is completed.
A portion of the bonds may be offered in the United States to qualified institutional
investors (or QIBs) as defined in Rule 144A of the U.S. Securities
Act of 1933, as amended (the "Securities Act") concurrently with
bonds offered outside of the United
States pursuant to Regulation S of the Securities
Act.
The bonds have not been and will not be registered under the
Securities Act or any state securities laws, and may not be offered
or sold in the United States
absent registration or unless pursuant to an applicable exemption
from the registration requirements of the Securities Act and any
other applicable securities laws. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
the bonds, nor shall it constitute an offer, solicitation or sale
in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
For further information, please contact:
David Butters (CEO, Navigator
Gas)
Tel +1 212 355 5893
Niall Nolan (CFO, Navigator
Gas)
Tel: +44 20 7340 4850
SOURCE Navigator Gas