Dorian LPG Ltd. Announces Pricing of Public Offering of 2,000,000 Common Shares
06 Juni 2024 - 1:48PM
Business Wire
Dorian LPG Ltd. (NYSE: LPG) (the “Company”, “Dorian LPG”, “we”,
“us” and “our”) announced today that it has priced its previously
announced underwritten public offering (the “Offering”) of
2,000,000 shares of common stock, par value $0.01 per share
(“Common Shares”), at $44.50 per share.
The net proceeds of the Offering are expected to be used for
general corporate purposes.
The Company has granted the underwriters a 30-day option to
purchase up to an additional 300,000 Common Shares.
Jefferies is acting as lead bookrunning manager for the
Offering, and SEB is acting as joint lead bookrunning manager.
Pareto Securities, Fearnley Securities, Arctic Securities, DNB
Markets, BNP PARIBAS and Credit Agricole are also acting as joint
bookrunning managers for the Offering.
The Offering is being made only by means of a prospectus
supplement and accompanying base prospectus. A registration
statement relating to these securities was filed with the U.S.
Securities and Exchange Commission (the “SEC”) and is effective. A
final prospectus supplement related to the Offering will be filed
with the SEC . You may obtain these documents for free, once
available, by visiting EDGAR on the SEC website at sec.gov.
Alternatively, a copy may be obtained from Jefferies LLC,
Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, New York, New York 10022, by telephone at 877-821-7388, or
by email at prospectus_department@jefferies.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities, in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
About Dorian LPG Ltd.
Dorian LPG is a leading owner and operator of modern Very Large
Gas Carriers (“VLGCs”) that transport liquefied petroleum gas
globally. Our fleet currently consists of twenty-five modern VLGCs,
including twenty ECO VLGCs and four dual-fuel ECO VLGCs. Dorian LPG
has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and
Athens, Greece.
Forward-Looking Statements
Matters discussed in this press release may constitute
“forward-looking statements” The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business. Statements
that are predictive in nature, that depend upon or refer to future
events or conditions, or that include words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “estimates,”
“projects,” “forecasts,” “may,” “will,” “should” and similar
expressions are forward-looking statements. These statements are
not historical facts but instead represent only the Company’s
current expectations and observations regarding future results,
many of which, by their nature are inherently uncertain and outside
of the Company’s control. Where the Company expresses an
expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, the Company’s forward-looking
statements are subject to risks, uncertainties, and other factors,
which could cause actual results to differ materially from future
results expressed, projected, or implied by those forward-looking
statements. The Company’s actual results may differ, possibly
materially, from those anticipated in these forward-looking
statements as a result of certain factors, including changes in the
Company’s financial resources and operational capabilities and as a
result of certain other factors listed from time to time in the
Company’s filings with the SEC. For more information about risks
and uncertainties associated with Dorian LPG’s business, please
refer to the “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” and “Risk Factors” sections of
Dorian LPG’s SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q. The Company
does not assume any obligation to update the information contained
in this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240606163734/en/
Ted Young Chief Financial Officer +1 (203) 674-9900
IR@dorianlpg.com
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