Navigator Holdings Ltd. Declares Creative Gender Range Linked Financing Business Contract
Navigator Holdings Ltd. (Navigatotherwise or Company) (NYSE: NVGS), the master and driver of the planet’s premier collection of handysize liquefied gas providers, are pleased to declare one to towards the , Navigator Fuel L.L.C. (the fresh Borrower) entered toward a protected label loan business (the newest Business Arrangement) having yet others, Nordea Financial Abp, V., and you may BNP Paribas S.An effective., pursuant to which eg loan providers produced to $two hundred.0 mil, subject to the fresh new fine print set out throughout the Studio Contract. V. is actually sustainability coordinator within the Studio Arrangement.
The newest $two hundred million financing is actually completely taken down on , to settle two of the Business’s financial loan business which have been on account of adult after into the 2023, along with providing an additional $65

Brand new Studio Arrangement has a sustainability-linked margin variations that have two trick abilities indications (KPIs). You to definitely KPI is related to collection ecological requirements plus the next is related to fee needs for ladies inside the leaders jobs within Navigator each year, that have an initial address out-of twenty two% towards the end regarding 2023, increasing year because of the seasons so you’re able to a final address regarding thirty-five% of women for the leaders opportunities by the 2028.
We’re purchased boosting gender range over the providers in an industry that generally come male reigned over. As much as we’re alert, it Studio Arrangement about gender variety is among the first of the type throughout the markets, and we are into gaining the aim support large alter in the market.
From the Navigator Energy Navigator Holdings Ltd. is the owner and you may operator of one’s world’s biggest collection of handysize liquefied gas companies and you can a global commander throughout the seaborne transport features regarding petrochemical fumes, instance ethylene and ethane, liquefied oil energy (LPG) and you can ammonia and is the owner of a 50% display, by way of a m&a, when you look at the an ethylene export aquatic terminal on Morgan’s Point, Texas on Houston Watercraft Route, United states. (more…)