Dorian Lpg Ltd. Announces Completion Of Japanese Financing Transactions For 2 2015-Built Vlgcs And Sale Of Its 2008-Built Vlgc Captain Nicholas Ml
Round Type
Funding Round
StamfordOtherOil And GasEducationSportsDescription
Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers ("VLGCs"), today announced that on March 18, 2022, it completed two $70 million sale and bareboat charter arrangements with the same counterparty for its 2015-built VLGCs Cratis and Copernicus. The Japanese financing transactions resulted in cash proceeds totaling $100 million, of which $50.6 million was used to prepay a portion of the 2015 AR Facility (as defined in the Company's most recently filed Form 10-Q), and the balance of which will be used for general corporate purposes. Each Japanese financing has a nine (9) year term with purchase options beginning on March 18, 2025, amortizes principal of $340,000 per month, and carries a fixed interest rate of 4.1%.
Quick answer
Dorian LPG raised an undisclosed amount in a Funding Round round, dated March 24, 2022. Dorian LPG is based in Stamford, Connecticut, United States.
- How much did Dorian LPG raise?
- Dorian LPG raised an undisclosed amount in a Funding Round round on March 24, 2022.
- What does Dorian LPG do?
- Dorian LPG is a leading owner and operator of modern Very Large Gas Carriers (VLGCs).
- Where is Dorian LPG based and how big is it?
- Dorian LPG is based in Stamford, Connecticut, United States.
- Who are the decision-makers at Dorian LPG?
- Fundz holds 1 contact at Dorian LPG. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Oil And Gas and Education around the same time
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- Carbon Neutral Royalty Ltd raised $8.1M on May 5, 2022.
- Ellie Mental Health raised an undisclosed amount (Corporate Round) on May 3, 2022.
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- Fitspire raised $300K (Seed) on April 29, 2022.
- Cathedral Energy Services Ltd. raised $2.1M (Seed) on April 21, 2022.
- Crusoe raised $505M (Funding Round) on April 21, 2022.
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