Navigator Holdings said it completed $100m in new, senior unsecured bonds in the Nordic bond market, after announcing the new issuance earlier this week.
The new bonds mature in February 2021 and carry a 7.75% annual coupon. The transaction is expected to close 10 February.
The David Butters-led Navigator said the new issuance will be used to redeem holders of its $125m senior unsecured bonds which carried a 9% coupon.
