# 8-K exhibit

- Source: edgar · Published: 2026-09-04 · Kind: other
- Original: https://www.sec.gov/Archives/edgar/data/1596993/000159699326000041/lpg-20260902xex99d1.htm
- Local copy: `data/documents/LPG/2026-09-04_lpg-20260902xex99d1.html`

**TL;DR —** Dorian LPG is expanding its fleet with three new dual-fuel VLGCs, securing a new credit facility to refinance existing debt, and reporting strong charter rates for the current quarter.

## Takeaways
- Dorian LPG ordered three 90,000 cbm dual-fuel Panamax VLGCs for $345 million, with deliveries scheduled for June, September, and December 2030, signaling fleet renewal and a commitment to decarbonization and operational flexibility.
- The new VLGCs will feature dual-fuel engines (LPG and low-sulphur fuels), a Shaft Generator system, and optimized hull forms for enhanced energy efficiency, aligning with the company's long-term investment in advanced, environmentally friendly vessels.
- For Q3 2026, Dorian LPG estimates 99% of its calendar days are fixed at a rate exceeding $88,000 per day, indicating strong market demand and profitability for its existing fleet.
- The company secured a new seven-year, $368.4 million credit facility (comprising a $213.4M term loan and a $155.1M revolving credit facility) with a margin of 140 basis points over SOFR, refinancing multiple existing debts and consolidating four facilities into one.
- The new credit facility includes a $200 million accordion feature, providing financial flexibility for future growth and fleet renewal, and features a sustainability-linked component.

*Generated 2026-09-15 via google/gemini-2.5-flash*