Navigator (NVGS) said Monday its subsidiaries, Navigator Gas and Othello Shipping, signed up to $300 million senior secured term loan and revolving credit facility with some banks.
The loan will be used to repay its September 2020 loan facility due in September and October 2013 facility due in May 2027, and for general corporate and working capital purposes, the firm said.
The facility agreement has a tenor of six years, maturing in 2031, it added.
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