09:24 AM EDT, 08/12/2024 (MT Newswires) -- Navigator Holdings ( NVGS ) said Monday that its Atlas, Aurora, Europa, Oberon, and Triton units have signed a $147.6 million term loan and revolving credit facility with Credit Agricole, ING Bank, and Skandinaviska Enskilda Banken.

The company said the loan is split into two tranches. The first tranche of up to $100.8 million will refinance a $58.9 million loan due by Aug. 31, with the remainder available for general use. The second tranche of up to $46.8 million will finance the repurchase of the Navigator Aurora vessel, with any leftover funds also available for general purposes, Navigator Holdings ( NVGS ) said.

The loan, maturing in 2030, carries an interest rate linked to certain environmental criteria and is secured by up to five vessels, it added.