Navigator Holdings Ltd. Announces Imaginative Gender Assortment Connected Financing Business Arrangement

Navigator Holdings Ltd. (Navigatotherwise otherwise Company) (NYSE: NVGS), the property owner and you will agent of the earth’s premier fleet regarding handysize liquefied energy companies, is actually happy to announce you to definitely with the , Navigator Energy L.L.C. (new Borrower) entered with the a guaranteed identity mortgage facility (the Facility Contract) that have among others, Nordea Lender Abp, V., and you can BNP Paribas S.A beneficial., pursuant that such as lenders produced up to $two hundred.0 billion, subject to the terms and conditions set out regarding the Facility Contract. V. was sustainability planner underneath the Studio Agreement.

The newest $2 hundred million loan is completely drawn upon , to repay a couple of Organization’s financial loan business which were because of mature later in 2023, plus delivering an additional $65

Brand new Facility Agreement includes a sustainability-linked margin changes having one or two trick overall performance signs (KPIs). You to KPI is related in order to collection environmental requirements therefore the 2nd is related so you can commission aim for females from inside the leaders roles within Navigator from year to year, with an initial target off twenty two% by the end out of 2023, increasing year by the 12 months in order to a final target from thirty five% of females in the leaders spots of the 2028. Read the rest of this entry »