June 9, 2017 / 1:23 PM / 2 months ago

BRIEF-Dorian LPG Ltd enters $97.0 mln bridge loan agreement

June 9 (Reuters) - Dorian LPG Ltd

* Dorian LPG Ltd Announces bridge loan agreement and repayment of secured bank debt facility

* Dorian LPG Ltd - entered into a $97.0 million bridge loan agreement with DNB Capital Llc

* Dorian LPG Ltd - proceeds of bridge loan were used to repay remaining outstanding debt of $98.6 million under company's secured bank debt facility

* Dorian LPG Ltd - repayment of principal amount of bridge loan is due on or before August 8, 2018

* Bridge loan does not have any scheduled amortization payments

* Dorian LPG- part of refinancing, $6.0 million of cash previously restricted under RBS loan facility was released as unrestricted cash for use in operations Source text for Eikon: Further company coverage:

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