Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announcesd, it has mandated Arctic Securities and DNB Markets as Joint Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners, to arrange a series of fixed income investor meetings commencing Tuesday, October 15, 2024. A USD denominated 5-year senior unsecured bond issue in the Nordic bond market may follow, subject to, inter alia, market conditions.
The net proceeds from the contemplated bond issue are intended to be used for the refinancing of the Company’s existing USD 100 million senior unsecured bonds maturing in September 2025 with ISIN NO0010891955 (the “Existing Bonds”) and general corporate purposes.
In conjunction with the contemplated bond issue, the Company will offer a conditional buyback of the Existing Bonds. Subject to completion of the contemplated bond issue, the Company intends to call the remaining net outstanding amount of the Existing Bonds in whole at the prevailing call price.