Dorian LPG in leaseback deal for modern VLGC

Dorian

Dorian LPG has agreed to sell 2014-built VLGC Corsair at the price of USD 65 million in a sale & leaseback agreement.

Dorian said the sale and bareboat deal is expected to be finalized this month, resulting in net cash proceeds of USD 52 million. A total of USD 30.1 million will be used to repay part of a bridge loan with DNB Capital.

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