Dorian LPG Raises Cash to Finance Newbuild VLGCs

Dorian LPG Ltd. has successfully completed a private placement of 28,182,000 new common shares of USD 0.01 par value at a subscription price of NOK 22 per share, raising NOK 620 million (approx. USD 100 million) in gross proceeds to the company (the “Private Placement”).

The company plans to use the proceeds from the Private Placement to partially finance the ECO-class VLGCs currently under construction and for general corporate purposes including working capital and transaction costs.RS Platou Markets AS (bookrunner), Arctic Securities ASA and DNB Markets, have acted as joint lead managers for the Private Placement.

Dorian LPG, February 10, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >