Navigator Holdings Ltd. (Navigatotherwise or Company) (NYSE: NVGS), the dog owner and you may user of earth’s largest fleet from handysize liquefied energy carriers, is actually pleased to declare you to towards the , Navigator Gas L.L.C. (the brand new Borrower) joined for the a guaranteed title financing facility (new Business Arrangement) with among others, Nordea Lender Abp, V., and you can BNP Paribas S.An effective., pursuant that such lenders obtainable around $200.0 mil, subject to new conditions and terms set out in the Business Contract. V. try durability coordinator beneath the Facility Arrangement.

New $200 million loan is actually totally pulled down on , to settle two of the Organization’s financial loan business that have been due to mature later inside 2023, together with providing an extra $65

The new Business Arrangement includes a durability-connected margin improvement that have a couple of trick efficiency evidence (KPIs). One to KPI is linked so you can collection environmental requirements additionally the second is related in order to fee objectives for ladies in leaders positions at the Navigator yearly, with a first target away from twenty-two% by the end off 2023, increasing season by the year so you can a final target away from thirty-five% of women within the leadership spots by the 2028.

The audience is dedicated to boosting gender range across the company inside the a sector that has typically come male dominated. Read more