Dorian LPG Ltd.’s US$100 Million Common Shares Buyback

Watson Farley & Williams has advised Dorian LPG Ltd. on its tender offer to repurchase its common shares.

Originally, Dorian announced a self-tender offer of US$100m on up to 7.4m shares at US$13.50 each.  The offer was oversubscribed, and Dorian raised the total buyback to 8.4m shares at US$13.50 each, and the overall offer size to US$113.5m. The offer expired on 3 March 2021.

NYSE-listed Dorian is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Their fleet currently consists of 22 modern VLGCs. They have offices in?Stamford, Connecticut, USA;?London, United Kingdom; Copenhagen, Denmark; and Athens,?Greece.

The WFW New York Corporate & Capital Markets team that advised Dorian was led by Partner Will Vogel (Picture), supported by Associate Danny Berger and Law Clerk Jamie Davidian.
 

Involved fees earner: Daniel Berger – Watson Farley & Williams; Will Vogel – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: Dorian LPG Ltd. ;

Author: Martina Bellini