08:28 AM EDT, 06/12/2024 (MT Newswires) -- Navigator Holdings ( NVGS ) said Wednesday it has priced an upsized secondary offering of 7 million of the company's shares by BW Group at $15 per share.

The company said it will not receive any of the proceeds from the secondary offering, which is expected to close Thursday.

Additionally, the company said it aims to repurchase 3.5 million shares, or half, of the offered shares from the underwriters for $14.52 per share, matching the price to be paid by the underwriters to the selling shareholder.

Price: 15.52, Change: -0.64, Percent Change: -3.96