Navigator Holdings Ltd. Declares Imaginative Gender Diversity Linked Mortgage Studio Arrangement

Navigator Holdings Ltd. (Navigator or Company) (NYSE: NVGS), the proprietor and you will agent of one’s planet’s prominent fleet from handysize liquefied gasoline carriers, is pleased to announce one to your , Navigator Gasoline L.L.C. (the brand new Borrower) joined towards a protected term financing studio (the fresh Business Contract) which have as well as others, Nordea Lender Abp, V., and you will BNP Paribas S.An effective., pursuant to which such as lenders obtainable as much as $2 hundred.0 mil, susceptible to the latest conditions and terms put down on Facility Arrangement. V. try durability coordinator in Studio Arrangement.

The latest $2 hundred billion financing try fully removed upon , to settle two of the Business’s mortgage organization that have been because of mature afterwards into the 2023, also bringing an additional $65

The Facility Agreement comes with a sustainability-linked margin improvement that have a couple trick performance symptoms (KPIs). That KPI is linked to collection environment requirements and also the next is related so you’re able to fee plans for ladies inside the leadership jobs in the Navigator from year to year, that have a primary target out-of 22% towards the end away from 2023, growing year of the year in order to a final address from 35% of women in the frontrunners jobs by the 2028.

We’re purchased improving gender range along side organization during the an industry that has generally become men dominated. In terms of we’re alert, this Business Agreement regarding gender diversity is one of the first of the form in the industry, and now we was contemplating achieving all of our needs help greater change on the market.

Regarding the Navigator Gasoline Navigator Holdings Ltd. ‘s the manager and operator of planet’s premier collection regarding handysize liquefied fuel carriers and you will a worldwide commander on the seaborne transport features of petrochemical smoke, including ethylene and you may ethane, liquefied petroleum gas (LPG) and ammonia and you will has an effective fifty% share, by way of a joint venture, from inside the an enthusiastic ethylene export aquatic critical during the Morgan’s Area, Texas to your Houston Boat Channel, Us. Navigator’s fleet now include 56 semi- otherwise fully-refrigerated liquefied gasoline companies, 25 at which is ethylene and you can ethane capable. The organization plays a vital role in the liquefied gasoline supply strings getting times companies, industrial customers and you may item people, along with its sophisticated boats bringing an efficient and you will credible drifting pipeline’ between the activities, hooking up the country now, performing a lasting the next day.

ABN AMRO Lender N

Navigator Gasoline Attention: Investor Relations and Address: 333 Clay Street, Suite 2400, Houston, Texas, U.S.A. 77002 Tel: +1 713 373 6197 and +44 (0)20 7340 4850

Forward-looking Statements So it press release contains particular forward-looking statements (since the defined by Ties and Exchange Commission) concerning the agreements and you will objectives out-of administration having future surgery otherwise economic efficiency, or assumptions associated thereto, loans New Cuyama and statements in regards to the Business’s KPIs according to the Business Arrangement and you will its performance with regards to men and women KPIs together with advantages to Navigator and its particular investors. At the same time, i and you can our very own agencies will get occasionally generate other oral or authored comments that will be and send-looking comments. Occasionally, you can identify the fresh new give-appearing comments through words instance could possibly get, you’ll, should, carry out, anticipate, plan, acceptance, intend, forecast, trust, guess, assume, propose, prospective, keep, booked, or the negative of these words and other similar terms and conditions. These give-lookin comments include of a lot risks and you will uncertainties that may trigger real results to disagree materially off men and women expressed or implied by eg comments. These dangers and you can uncertainties become but they are not limited to the people established throughout the unexpected records Navigator documents to your Bonds and Change Fee.

Most of the pass-lookin comments one of them pr release are formulated merely because of your own day on the news release. New circumstances emerge from time to time, and is also difficult for us so you’re able to assume every one of such issues. After that, we can’t gauge the perception of each and every such as for instance basis toward our very own providers or the the total amount that one grounds, otherwise combination of items, could potentially cause actual results to be materially different from those individuals contained in almost any send-searching declaration. I explicitly disclaim people obligation in order to modify or update one send-lookin statements, whether or not because of coming events, the new suggestions, a modification of our viewpoints or standards, if not. We build zero forecast or statement about the results of your common stock.