secwatch.observer — SEC 8-K summary
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Issuer:     DORIAN LPG LTD. (LPG)
CIK:        0001596993
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001596993-23-000071
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596993/000159699323000071/0001596993-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596993/000159699323000071/lpg-20231222x8k.htm
  HTML page:      https://secwatch.observer/filing/0001596993-23-000071

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