NVGS · Navigator Holdings Ltd.

Summary

Navigator Holdings Ltd. announced the upsize and pricing of a secondary public offering of 8,000,000 shares of common stock by selling shareholder BW Group Limited at $17.50 per share, expected to close on or about March 23, 2026. Concurrently, the Company intends to repurchase 3,500,000 shares from underwriters at the same price, funded by cash on hand.

Key takeaways

• BW Group Limited to sell 8,000,000 shares at $17.50 per share
• Offering upsized from previously announced
• Expected closing on or about March 23, 2026
• Company to repurchase 3,500,000 shares at $17.50 per share from underwriters
• No proceeds to Company from the offering
• Share repurchase approved by Board and funded with cash on hand