Brief: Navigator Announces Purchase of Own Bonds, Redemption And New Bond Issue

Navigator SA

06/01/2021 06:19

Jan 6 (Reuters) - Navigator Company  NVGR.LS :
    * SAID ON TUESDAY IT PURCHASED 500 OWN BONDS FROM THE
PORTUCEL
/2015-2023 ISSUE
    * THE PURCHASE WAS MADE OVER THE COUNTER AT 100,000 EUROS
PER
UNIT, FOR A TOTAL AMOUNT OF 50.0 MILLION EUROS
    * IT REDEEMED THE BONDS ACQUIRED, AND THE AMOUNT OF 150.0
MILLION
EUROS OF THAT BOND ISSUE REMAINS OUTSTANDING
    * THIS BOND PURCHASE IS PART OF THE FINANCIAL RESTRUCTURING
PROCESS OF THE BONDS DUE IN 2023
    * AT THE SAME TIME THE COMPANY ISSUED NEW BONDS BY MEANS OF
A
PRIVATE OFFER IN THE AMOUNT OF 75.0 MILLION EUROS DUE 2025 AND
2026 (50% IN DECEMBER 2025 AND 50% IN DECEMBER 2026)

    
    
 Source text: https://bit.ly/2LtTQtC
    
 Further company coverage:  NVGR.LS  
   


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