LONDON, February 1, 2017 /PRNewswire/ --
Navigator Holdings Ltd. (NYSE: NVGS)
('Navigator' or the 'Company') is pleased to announce that it has
successfully issued USD 100 million
aggregate principal amount of new senior unsecured bonds in the
Nordic bond market. The new bonds will mature in February 2021 and have a fixed coupon of 7.75%
per annum. The transaction is subject to customary closing
conditions and settlement is expected to occur on February 10, 2017. The net proceeds will 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').
Navigator will exercise the call option in NAVIG01 to redeem
NAVIG01 in full at 102.00% of par value plus accrued interest.
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