Navigator Gas Announces Successful Placement of 5-year Senior Unsecured Bonds in the Nordic Bond Market

17 Oct 2024 17:51 CEST

LONDON, October 17, 2024 – Navigator Holdings Ltd. (described herein as
“Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the
world’s largest fleet of handysize liquefied gas carriers, announces that today,
it has successfully placed USD 100 million of new senior unsecured bonds in the
Nordic bond market. The new bonds are due to mature in October 2029 and will pay
a fixed coupon of 7.25% per annum, payable semi-annually in arrears.

In connection with the issue, Navigator has today notified Nordic Trustee AS of
its exercise of the call option to redeem the remaining portion of the Company’s
existing USD 100 million senior unsecured bonds, maturing in September 2025,
with ISIN NO0010891955 (the “Existing Bonds”). The Existing Bonds will be
redeemed at a price equal to 101.60% of par value (plus accrued and unpaid
interest), with a redemption date of 1 November 2024. Net proceeds from the bond
issue will otherwise be used for general corporate purposes.

Arctic Securities and DNB Markets acted as Joint Global Coordinators and Joint
Bookrunners, and Clarksons Securities and Fearnley Securities acted as Joint
Bookrunners in the bond issue.

About Navigator Gas
Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”)
is the owner and operator of the world’s largest fleet of handysize liquefied
gas carriers and a global leader in the seaborne transportation services of
petrochemical gases, such as ethylene and ethane, liquefied petroleum gas
(“LPG”) and ammonia and owns a 50% share, through a joint venture, in an
ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship
Channel, USA. Navigator Gas’ fleet consists of 56 semi- or fully-refrigerated
liquefied gas carriers, 25 of which are ethylene and ethane capable. The Company
plays a vital role in the liquefied gas supply chain for energy companies,
industrial consumers and commodity traders, with its sophisticated vessels
providing an efficient and reliable ‘floating pipeline’ between the parties,
connecting the world today, creating a sustainable tomorrow.

Navigator Gas’ common stock trades on the New York Stock Exchange under the
symbol “NVGS”.

Navigator Gas

Attention: Investor Relations investorrelations@navigatorgas.com and
randy.giveans@navigatorgas.com
Address: 333 Clay Street, Suite 2480, Houston, Texas, U.S.A. 77002
Tel: +1 713 373 6197 and +44 (0)20 7340 4850

Investor Relations / Media Advisors

Nicolas Bornozis / Paul Lampoutis
Capital Link – New York
Tel: +1-212-661-7566
Email: navigatorgas@capitallink.com

Forward looking statements

This press release contains certain “forward-looking” statements (as defined by
the Securities and Exchange Commission) concerning plans and objectives of
management for future operations or economic performance, or assumptions related
thereto. In addition, we and our representatives may from time to time make
other oral or written statements that are also forward-looking statements. In
some cases, you can identify the forward-looking statements by the use of words
such as “may,” “could,” “should,” “will,” “would,” “expect,” “plan,”
“anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue,” “scheduled,” or the negative of these terms or other
comparable terminology.

These forward-looking statements involve many risks and uncertainties that could
cause actual results to differ materially from those expressed or implied by
such statements. These risks and uncertainties include but are not limited to
those set forth in the periodic reports Navigator files with the U.S. Securities
and Exchange Commission.

All forward-looking statements included in this press release are made only as
of the date of this press release. New factors emerge from time to time, and it
is not possible for us to predict all of these factors. Further, we cannot
assess the impact of each such factor on our business or the extent to which any
factor, or combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement. We expressly
disclaim any obligation to update or revise any forward-looking statements,
whether because of future events, new information, a change in our views or
expectations, or otherwise. We make no prediction or statement about the
performance of our common stock.

Category: Financial

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629847_Navigator Holdings Ltd. - Press Release - Successful Placement of Bonds.pdf