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Dorian LPG Ltd. 2 2015 VLGCs created and 2008 VLGC Captain Nicholas ML announces completion of Japanese funding transfer for sale

Posted on March 24, 2022 by publishing team

Stamford, Conn., March 24, 2022 / PRNewswire / – Dorian LPG Ltd. (NYSE: LPG) (“Company” or “Dorian LPG”), the leading owner and operator of modern and ECO giant gas carriers (“VLGCs”), announced today that March 3, 2013Completed these two 5 million Sales and Barbot charter arrangements with similar counterparts for 2015 built VLGCs Crates And Copernicus. The Japanese financing transaction was the result of a collection of cash 5 millionOf which .6 50.6 million A portion of the 2015 AR facility was used for pre-payment (as defined in the company’s last registered Form 10-Q) and this balance would be used for general corporate purposes. Each Japanese fund has a term of nine (9) years starting with the purchase option March 18, 2025Amortizes the principal 340,000 Per month, and has a fixed interest rate of 4.1%.

More of the company’s classification Captain Nicholas MLBuilt in 2008, debt free VLGC, as a reserved vessel for sale December 1, 2The sale of the boat was completed, as a result of the cash payment 4.5 million.

Preview and other precautionary statements

This press release contains “Visible Statements.” Statements that predict in nature, relate to or refer to future events or situations, or include words such as “expectation,” “expectation,” “intention,” “plans,” “belief,” “Estimates,” “Projects,” “Predictions,” “Perhaps,” “Will,” “Should”, and similar expressions are statements of future vision. Many of these are naturally uncertain and out of the company’s control. Where the company expresses expectations or beliefs about future events or outcomes, such expectations or beliefs are expressed in good faith and belief. However, the company’s forward-looking statements are subject to risks, uncertainties, and other factors, which may make the actual results materially different from the future results, as indicated by these future statements. The actual results of the company may differ, possibly materially, from what is expected in the following statements as a result of certain factors, including the financial resources of the company and Changes in operational capabilities and as a result of some other factors listed from time to time. Company files with the U.S. Securities and Exchange Commission. For more information on the risks and uncertainties related to the Dorian LPG business, please refer to the “Financial Management Discussion and Analysis and Operation Outcomes” and “Risk Factors” sections of the Dorian LPG SEC. Including files, but not limited to. Annual report on 10-K form and quarterly reports on 10-Q form. The Company assumes no responsibility for updating the information contained in this press release.

About Dorian LPG Ltd

Dorian LPG is a liquefied petroleum gas carrier and a leading owner and operator of state-of-the-art VLGCs. The Doreen LPG fleet currently has 22 state-of-the-art VLGCs. Dorian LPG has offices in Stamford, Connecticut, USA Copenhagen Denmark; And Athens, Greece.

Visit our website at www.dorianlpg.com

For more information:

Dorian LPG Ltd.
Ted Young
Chief Financial Officer
(203) 674-9900
[email protected]
Source: Dorian LPG Ltd.

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View original content: https://www.prnewswire.com/news-releases/dorian-lpg-ltd-announces-completion-of-japanese-financing-transactions-for-2-2015-built-vlgcs-and-sale- of-its-2008-built-vlgc-captain-nicholas-ml-301509987.html

Source Dorian LPG Ltd.

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