Navigator Holdings completes $40M tap issue of existing senior unsecured bonds

Navigator Holdings (NVGS) completed a $40 million tap issue in the Nordic bond market under its outstanding 7.25% senior unsecured bond issue due to mature in October 2029, with ISIN NO0013379446. The borrowing limit under the Bonds is $200 million. Following this tap issue of $40 million, $60 million in borrowing capacity remains available to the Company under the Bonds. The tap issue was priced at par value. The net proceeds from the tap issue are expected to be used for general corporate purposes in accordance with the bond terms governing the bonds, and the tap issue addendum to the bond terms that the Company expects to enter into in connection with the completion of the tap issue.