Dorian LPG announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of common stock, par value $0.01 per share, 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.