# 6-K exhibit

- Source: edgar · Published: 2026-06-18 · Kind: report
- Original: https://www.sec.gov/Archives/edgar/data/1581804/000119312526275052/d151044dex991.htm
- Local copy: `data/documents/NVGS/2026-06-18_d151044dex991.html`

**TL;DR —** Navigator Gas secured $205.8 million in financing for two newbuild gas carriers through a pre-delivery loan transitioning into its first JOLCO sale and leaseback arrangement, covering the full purchase price with competitive pricing.

## Takeaways
- **What happened:** Navigator Gas secured financing for two newbuild gas carriers, expected delivery in 2027.
- **Key numbers:** The financing totals $205.8 million, initially a $164.64 million pre-delivery term loan (80% of pre-delivery installments) transitioning into a JOLCO.
- **Why it matters:** This marks Navigator Gas's first use of a JOLCO (Japanese Operating Lease with Call Option) structure, diversifying its funding strategy.
- **Why it matters:** The JOLCO covers the full purchase price of the vessels at competitive pricing, indicating favorable financial terms.
- **What happened:** Navigator Gas retains full operational responsibility for the vessels and has purchase options up to 8.5 years after delivery.
- **Why it matters:** This financing completes funding for four of six newbuild vessels on order, demonstrating progress in fleet expansion and capital allocation.

*Generated 2026-09-15 via google/gemini-2.5-flash*