Navigator Holdings Completes $40 Million Nordic Bond Tap Issue

The latest update is out from Navigator Holdings ( (NVGS) ).

On March 28, 2025, Navigator Holdings Ltd. completed a US$40 million tap issue in the Nordic bond market under its existing 7.25% senior unsecured bond issue due in October 2029. This transaction leaves the company with US$60 million in borrowing capacity under the bond’s US$200 million limit. The proceeds from this issue are intended for general corporate purposes, and the tap issue was priced at par value. This strategic financial move is expected to bolster Navigator Gas’s operational capabilities and strengthen its market positioning in the liquefied gas transportation industry.

More about Navigator Holdings

Navigator Holdings Ltd., known as Navigator Gas, is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers. The company specializes in the seaborne transportation of petrochemical gases, including ethylene, ethane, liquefied petroleum gas (LPG), and ammonia. It holds a 50% share in an ethylene export marine terminal at Morgan’s Point, Texas. Navigator Gas plays a crucial role in the liquefied gas supply chain, providing efficient and reliable transportation services for energy companies, industrial consumers, and commodity traders.

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