Wilbur Ross-backed Navigator Gas has succeeded in refinancing its loans with a new facility worth $220m.

The LPGC owner has tapped ABN AMRO, DVB Bank, Skandinaviska Enskilda Banken (SEB) and Nordea Bank for the cash.

It refinances two loans due to mature in April 2017 and also provides delivery financing of up to 70% of the cost of its final newbuilding, Navigator Jorf.

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