Brief: Navigator Holdings Ltd enters into a $220 mln loan facility

Navigator Holdings

31/10/2016 21:35

Oct 31 (Reuters) - Navigator Holdings Ltd  NVGS.N  
    * Navigator Holdings Ltd. enters into a $220 million loan 
facility 
    * Navigator Holdings Ltd - Facility agreement consists of a 
term loan facility, revolving credit facility and newbuilding 
term loan facility 
    * Navigator Holdings Ltd - Facility agreement matures in 
seven years, bears interest at an annual rate of U.S. Libor plus 
a margin of 2.6% 
    * Navigator Holdings Ltd - Facility agreement will be 
secured by ten of company's vessels 
    * Agreement to give delivery financing of up to maximum 70% 
of fair market value of co's final newbuilding, Navigator Jorf 
    * Says facility agreement to refinance two existing loan 
facilities that are due to mature in April 2017 
 
Source text for Eikon:  ID:nPn7DmRqHa  
Further company coverage:  NVGS.N  
 
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