NVGS · Navigator Holdings Ltd.

Summary

Navigator Holdings Ltd. announced the closing on March 23, 2026, of a secondary public offering by BW Group Limited of 8,000,000 shares of common stock at $17.50 per share, with the Company not receiving any proceeds. Concurrently, the Company repurchased 3,500,000 shares from the underwriters at the same price, funded by cash on hand.

Key takeaways

• BW Group Limited sold 8,000,000 shares of common stock at $17.50 per share in secondary offering.
• Company repurchased 3,500,000 Offered Shares from underwriters at $17.50 per share.
• Underwriting Agreement dated March 19, 2026, with Citigroup Global Markets Inc., DNB Carnegie, Inc., Fearnley Securities AS, and Pareto Securities AS.
• 60-day lock-up for Company, executive officers, directors, Selling Shareholder, and Ultranav ApS.
• Share Repurchase closed concurrently with Secondary Offering on March 23, 2026; no underwriter discount or commission on repurchased shares.