Brief: Navigator Holdings Ltd And Ultragas ApS To Merge Fleets And Businesses

Navigator Holdings

12/04/2021 14:35

April 12 (Reuters) - Navigator Holdings Ltd  NVGS.N :
    * PRESS RELEASE - NAVIGATOR HOLDINGS LTD AND ULTRAGAS APS TO
MERGE
FLEETS AND BUSINESSES
    * NAVIGATOR HOLDINGS LTD AND ULTRAGAS APS TO MERGE FLEETS
AND
BUSINESSES
    * NAVIGATOR HOLDINGS LTD - COMBINED ENTITY WOULD HAVE AN
AGGREGATE
NET ASSET VALUE OF APPROXIMATELY $1.3 BILLION
    * NAVIGATOR HOLDINGS LTD - EXPECTED THAT NAVIGATOR WOULD
ISSUE
ABOUT 21.2 MILLION NEW SHARES OF ITS COMMON STOCK TO ULTRANAV
    * NAVIGATOR HOLDINGS LTD - EXPECTED THAT NAVIGATOR WOULD
ASSUME
ULTRAGAS' NET DEBT OF ABOUT $197 MILLION, AS WELL AS ITS NET
WORKING CAPITAL
    * NAVIGATOR HOLDINGS LTD - ENTITY TO REMAIN NAVIGATOR GAS
WITH A
COMBINED FLEET OF 56 VESSELS
    * NAVIGATOR HOLDINGS LTD - TRANSACTION IS EXPECTED TO BE
ACCRETIVE
COMPARED TO CO'S  STANDALONE BUDGETS, IN TERMS OF ANTICIPATED
REVENUE, EBITDA AND EPS

Source text for Eikon:  ID:nPn3Px5Jba 
Further company coverage:  NVGS.N 

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