Navigator Holdings Secures $133.7 Million Financing for Newbuild Ethylene Gas Carriers
New York-listed Navigator Holdings has finalized a $133.7 million loan agreement to finance the construction of two liquefied ethylene gas (LEG) carriers currently being built in China. The company, a specialist in handysize LPG carriers, announced that its subsidiaries, Navigator Parsec and Navigator Pleione, have signed the facility agreement with a consortium of banks including ABN AMRO Bank, Crédit Agricole Corporate & Investment Bank, and Nordea Bank Abp. The loan will be used to fund the acquisition and construction of these two advanced vessels.