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Nordea Bank Abp, ABN AMRO Bank N.V., and BNP Paribas S.A. and others have collectively provided Navigator ( NYSE: NVGS ) with a secured term loan facility of up to $200M, as per the terms and conditions outlined in the Facility Agreement.
The $200M loan was fully drawn down on March 28, to repay two of the company’s bank loan facilities which were due to mature later in 2023, as well as providing an additional $65.4M for general corporate purposes.