Navigator Holdings Ltd. (Navigator or Company) (NYSE: NVGS), the master and you can user of the world’s premier fleet regarding handysize liquefied gasoline providers, was happy to mention one to into the , Navigator Gas L.L.C. (new Borrower) registered toward a guaranteed label financing facility (the new Facility Contract) with yet others, Nordea Financial Abp, V., and you may BNP Paribas S.A., pursuant that such loan providers offered up to $2 hundred.0 mil, susceptible to the new fine print set-out from the Studio Contract. V. was durability planner underneath the Studio Contract.
New $2 hundred billion financing are completely drawn upon , to repay two of the Company’s mortgage organization that have been on account of adult later in the 2023, along with delivering an extra $65
The fresh new Facility Agreement has a sustainability-connected margin modifications that have a couple secret efficiency indications (KPIs). One KPI is related so you’re able to collection ecological conditions therefore the second is linked so you can payment objectives for females from inside the frontrunners jobs on Navigator yearly, that have a primary target regarding twenty two% by the end away from 2023, increasing 12 months of the 12 months to help you a last target regarding thirty five% of females in leadership jobs by the 2028.
We’re dedicated to boosting gender assortment across the team within the a market who’s generally come male ruled. So far as we’re alert, this Business Contract associated with gender variety is among the firstly the kind throughout the market, so we are interested in reaching our very own plans supporting large alter in the industry.
About Navigator Gasoline Navigator Holdings Ltd. ‘s the owner and user of your planet’s biggest collection away from handysize liquefied energy carriers and an international commander in the seaborne transport qualities out-of petrochemical gases, for example ethylene and you may ethane, liquefied petroleum gasoline (LPG) and ammonia and you will has a beneficial 50% share, because of a joint venture, in the an ethylene export marine terminal at the Morgan’s Part, Tx toward Houston Vessel Channel, United states. Continue reading “Navigator Holdings Ltd. Announces Innovative Gender Range Connected Mortgage Facility Arrangement”