On Wednesday the New York-quoted operator told securities regulators that it has lined up a loan facility worth more than $278m.
In a statement that followed it said the borrowings will be used to fund the purchase of nine LPG carriers on order at Jiangnan Shipyard.
Navigator noted some of the proceeds will help refinance a $120m facility that was sealed in April 2013 and secured by four of the ships in the series.
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