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Navigator Holdings Secures $133.7 Million Loan to Finance Two New Ethylene Gas Carriers

Tipranks - Tipranks - Wed Mar 4, 1:58PM CST

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Navigator Holdings ( (NVGS) ) has shared an update.

On March 2, 2026, Navigator Holdings’ subsidiaries Navigator Parsec and Navigator Pleione secured a senior secured pre- and post-delivery term loan facility of up to $133.77 million from a banking syndicate led by ABN AMRO, Crédit Agricole and Nordea. The facility, bearing interest at SOFR plus 1.50% with a five-year post-delivery tenor, is guaranteed by Navigator Holdings and Navigator Gas and is secured in part by mortgages on two new liquefied ethylene gas carriers.

The financing will cover up to 65% of pre-delivery and delivery installments owed to Jiangnan Shipyard and China Shipbuilding Trading under November 2024 contracts for two 48,500-cubic-metre ethylene carriers, with the balance funded from Navigator’s cash. Scheduled for delivery in November 2027 and January 2028, the newbuilds support Navigator’s fleet renewal program and are expected to enhance its capabilities for petrochemical gas transport and long-term customer service while underpinning shareholder value.

The most recent analyst rating on (NVGS) stock is a Buy with a $21.00 price target. To see the full list of analyst forecasts on Navigator Holdings stock, see the NVGS Stock Forecast page.

Spark’s Take on NVGS Stock

According to Spark, TipRanks’ AI Analyst, NVGS is a Outperform.

Navigator Holdings scores well due to strong financial performance and positive earnings call highlights, including record revenues and increased shareholder returns. Technical indicators support a bullish outlook, although geopolitical tensions and cost pressures present risks. The valuation is reasonable, supporting the overall positive assessment.

To see Spark’s full report on NVGS stock, click here.

More about Navigator Holdings

Navigator Holdings, which trades as Navigator Gas on the NYSE, operates the world’s largest fleet of handysize liquefied gas carriers and is a global leader in seaborne transport of petrochemical gases including ethylene, ethane, LPG and ammonia. The company also owns a 50% stake in an ethylene export terminal at Morgan’s Point, Texas, and runs a 55-vessel semi- and fully refrigerated fleet serving energy companies, industrial users and commodity traders.

Average Trading Volume: 265,236

Technical Sentiment Signal: Buy

Current Market Cap: $1.39B

For an in-depth examination of NVGS stock, go to TipRanks’ Overview page.

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