Navigator Gas Announces Signing of $121.8 Million Financing for Two Newbuild Ammonia Carriers in Navigator Amon Joint Venture
Navigator Gas signed a $121.8 million senior secured term loan to finance the delivery of two newbuild ammonia-fueled carriers through its Navigator Amon joint venture. The six-year facility, priced at SOFR plus 1.35%, covers 70% of the vessel costs, with the remaining balance funded by JV shareholders.
Key figures
- Deal Value Usd
- 121800000
- Vessel count
- 2
- Delivery dates
- May 2028 and September 2028
- Loan tenor years
- 6
- Loan to cost ratio
- 70%
- Vessel capacity cbm
- 51350
- Interest rate spread
- 1.35%
AI analysis
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