News Releases

Baker Botts Represents Navigator Holdings Ltd. in Secondary Offering of Common Stock and Concurrent Share Repurchase


Deal Description: On June 13, 2024, Navigator Holdings Ltd. (NYSE: NVGS) (“Navigator Gas” or the “Company”) announced the closing of its previously announced upsized public offering (the “Secondary Offering”) of a total of 7,000,000 shares of the Company’s common stock (the “Offered Shares”) by BW Group Limited, as the selling shareholder of the Company (the “Selling Shareholder”), at a public offering price of $15.00 per share.

The Company did not offer any shares of its common stock in the Secondary Offering and did not receive any proceeds from the sale of its shares of common stock in the Secondary Offering.

In addition, in connection with the Company’s previously announced intention to purchase shares in the Secondary Offering, the Company purchased 3,500,000 of the Offered Shares from the underwriters in the Secondary Offering (the “Share Repurchase”), at a price per share of $14.52, which was equal to the price per share paid by the underwriters to the Selling Shareholder in the Secondary Offering.

Baker Botts represented the Company in the Secondary Offering and the Share Repurchase.

For more information, the Company’s press release relating to the Secondary Offering and the Share Repurchase can be found here.

Navigator Gas is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA. Navigator Gas’ fleet consists of 56 semi- or fully-refrigerated liquefied gas carriers, 25 of which are ethylene and ethane capable. Navigator Gas’ common stock trades on the New York Stock Exchange under the symbol “NVGS”.

Baker Botts Lawyers/Offices Involved:

  • Corporate: Adorys Velazquez (Partner, New York); David Emmons (Partner, Dallas); Lakshmi Ramanathan (Special Counsel, Houston); Chelsea Johnson (Associate, Houston); Zachary Fedorko (Senior Associate, Dallas); Marshall Heins II (Senior Associate, Houston); Nikolai Gryzunov (Associate, New York)

  • Tax: Jon Lobb (Partner, Houston); Nick Frey (Associate, San Francisco)

  • Environmental: Aileen Hooks (Senior Counsel, Austin)

  • Employee Benefits & Executive Compensation: Robin Melman (Partner, New York); David Schiller (Special Counsel, Dallas); Katie Birnhak (Associate, New York)

  • International Trade: Matthew West (Partner, Washington); Cullen Richardson (Associate, Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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