Navigator Holdings Ltd. Announces Imaginative Gender Range Linked Loan Studio Agreement
Navigator Holdings Ltd. (Navigator or Company) (NYSE: NVGS), the proprietor and you will agent of the planet’s premier collection regarding handysize liquefied fuel providers, is happy to announce that on the , Navigator Energy L.L.C. (the newest Borrower) entered to the a guaranteed label financing facility (this new Business Contract) having as well as others, Nordea Bank Abp, V., and you will BNP Paribas S.Good., pursuant that for example loan providers offered up to $two hundred.0 mil, subject to the fresh conditions and terms set-out regarding the Business Contract. V. try durability coordinator beneath the Facility Agreement.
Brand new $2 hundred mil financing are completely removed upon , to settle a couple of Organization’s financial loan place that have been due to adult afterwards inside 2023, as well as delivering an additional $65
Brand new Facility Arrangement has a sustainability-linked margin improvement having a couple key results symptoms (KPIs). You to definitely KPI is related so you’re able to fleet environment conditions while the 2nd is related to help you fee objectives for ladies in leadership spots at Navigator every year, that have an initial address of twenty two% by the end from 2023, increasing year because of the seasons so you can a final target from thirty five% of women in management opportunities by the 2028.
We have been committed to improving gender assortment across the business inside a sector who has got generally started male reigned over. (more…)