Navigator Holdings Ltd. (Navigator or Company) (NYSE: NVGS), the particular owner and you can operator of one’s planet’s largest fleet out of handysize liquefied fuel companies, is very happy to mention you to definitely for the , Navigator Gasoline L.L.C. (the Borrower) registered toward a secured term financing facility (new Facility Arrangement) which have and others, Nordea Lender Abp, V., and you may BNP Paribas S.An excellent., pursuant that instance lenders obtainable up to $2 hundred.0 billion, subject to the newest small print set out on Business Contract. V. try sustainability planner underneath the Studio Agreement.
The fresh new $two hundred million loan is actually fully taken down on , to settle a couple of Company’s financial loan business which have been due to adult after inside 2023, also providing an extra $65
New Business Contract boasts a durability-linked margin improvement which have a couple key americash loans Kim CO performance indicators (KPIs). You to definitely KPI is related in order to collection environmental standards in addition to 2nd is linked to fee targets for ladies within the management jobs at Navigator each year, with a first address out of 22% by the end away from 2023, broadening 12 months by the 12 months so you can a final target out-of thirty five% of women within the management positions of the 2028. Read More
