New York-listed LPG carrier owner Navigator Holdings is to sell more bonds in the Oslo market to refinance existing debt.
The Wilbur Ross-backed company said it is contemplating a four-year unsecured issue.
The cash will go towards redeeming its $125m series sold in Oslo in 2012 and due this year.
It plans to exercise a call option to buy back the bonds at 102% of par value plus accrued interest.
But