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Navigator Holdings issues bonds

Navigator Holdings issues bonds

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New York-listed gas giant Navigator Holdings has issued $100m aggregate principal amount of new senior unsecured bonds in the Nordic bond market. The new bonds will mature in February 2021 and have a fixed coupon of 7.75% per annum. The transaction is expected to occur on February 10, 2017.

The company said net proceeds will be used towards repaying all of the outstanding principal amount of the company’s $125m senior unsecured bond issue NAVIG01. Navigator said it will exercise the call option in NAVIG01 to redeem NAVIG01 in full at 102.00% of par value plus accrued interest.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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