Navigator Holdings prepays $120 million under amended facility

By Jennifer Chiou

New York, July 9 – Navigator Holdings Ltd. prepaid $120 million under its $270 million loan facility, according to a 6-K filing with the Securities and Exchange Commission.

In addition, the company amended the facility to, among other things, allow for the prepayment and revise the terms of the loan to include a quasi-revolving facility from which funds can be drawn over the course of the facility period in four tranches of $30 million each.

Navigator Gas LLC is the borrower. Nordea Bank Finland plc is the agent and an arranger.

The London-based company owns and operates a fleet of liquefied natural gas carriers.

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