Navigator Gas is seeking to secure two debt facilities to finance the $130m capital requirement for the ethylene terminal it is building in Houston.
One of the debt facilities is a bank project finance instrument and the other is debt from an infrastructure fund, chief financial officer (CFO) Niall Nolan said during Navigator's second quarter conference call.
Navigator has already committed $15m from available cash resources towards a total capital cost of $155m after an initial cash contribution of $10m made in January this year.
