Dorian LPG raises $100m in cash from sale-and-leaseback brace
Each of the deals for the two ships carries a fixed interest rate of 4.1%, with a nine-year term. Purchase options start after completion of the third year
Two ‘Japanese financing transactions’ were worth $70m each and resulted in cash proceeds of $100m. The separate sale of a debt-free very large gas carrier adds to the company’s cash pile
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