secwatch.observer — SEC 8-K summary
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Issuer:     DORIAN LPG LTD. (LPG)
CIK:        0001596993
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001596993-23-000016
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dorian LPG takes delivery of dual-fuel VLGC Captain Markos under 13-year bareboat charter
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- Captain Markos delivered March 31, 2023 from Kawasaki Heavy Industries; third of four dual-fuel VLGCs due in 2023.
- Company paid $25M cash and entered into $56M bareboat financing; debt at SOFR + 2.5898% (including spread and margin).
- Financing has fixed monthly principal payments, balloon of $19.4M, and early buyout options from March 31, 2028.
- Vessel will trade in the Helios LPG Pool operated jointly with Phoenix Tankers Pte. Ltd. (Mitsui OSK Lines).
- This is the first technically managed dual-fuel LPG VLGC for Dorian LPG; improves economics and carbon footprint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596993/000159699323000016/0001596993-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596993/000159699323000016/lpg-20230331x8k.htm
  HTML page:      https://secwatch.observer/filing/0001596993-23-000016

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