---
schema_version: "secwatch.filing_event.v1"
accession: "0001596993-23-000071"
form_type: "8-K"
ticker: "LPG"
cik: "0001596993"
company_name: "DORIAN LPG LTD."
filed_at: "2023-12-27T23:59:59+00:00"
generated_at: "2026-06-07T06:54:23.545854+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Dorian LPG closes $240M amended debt facility with $50M revolver, maturing 2029

## Summary
- Term loan of $240M original principal, $215M outstanding; revolving credit up to $50M; accordion up to $100M.
- Interest at SOFR + 2.05–2.15% (+/− 0.05% sustainability adjustment); undrawn revolver accrues at 0.40% of margin.
- Maturity August 4, 2029; secured by vessel mortgages, insurance assignments, and parent guarantee.
- Key covenants: min liquidity greater of $27.5M or 5% of debt; net debt/cap ≤0.60; equity ≥$400M.
- Lenders: Crédit Agricole, ING, SEB, BNP Paribas, Danish Ship Finance.

## SEC filing metadata
- accession: 0001596993-23-000071
- form_type: 8-K
- ticker: LPG
- cik: 0001596993
- company_name: DORIAN LPG LTD.
- filed_at: 2023-12-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000071/0001596993-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000071/lpg-20231222x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001596993-23-000071
- JSON: https://secwatch.observer/filing/0001596993-23-000071.json
- Plain text: https://secwatch.observer/filing/0001596993-23-000071.txt

## Key facts
- Debt Financings
  DORIAN LPG LTD. amended credit facility of term loan facility in an aggregate original principal amount of $240.0 million, of which $215,000,000 remains outstandin with Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Skandinaviska Enskilda Banken AB (publ), BNP Paribas, Danish Ship Finance A/S at SOFR plus a margin ranging between 2.05 and 2.15%, plus or minus a sustainabilit maturing August 4, 2029.
  - Instrument: credit facility
  - Principal: term loan facility in an aggregate original principal amount of $240.0 million, of which $215,000,000 remains outstandin
  - Counterparty: Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Skandinaviska Enskilda Banken AB (publ), BNP Paribas, Danish Ship Finance A/S
  - Rate: SOFR plus a margin ranging between 2.05 and 2.15%, plus or minus a sustainabilit
  - Maturity: August 4, 2029
  - Event: amendment
  source text: Facility amended and restated the Company’s 2022 debt financing facility with the Lenders and consists of (i) a term loan facility in an aggregate original principal amount of $240.0 million, of which $215,000,000 remains outstanding on the date hereof, (ii) a revolving credit facility in an aggregate principal amount of up to $50.0 million and (iii) an uncommitted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1596993/000159699323000071/0001596993-23-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.