Company: LPG
Filing Date: 2025-06-03
Form Type: S-3ASR
Source: 0000919574-25-003489
Chunk: 17

Company: DORIAN LPG LTD.
Filing Date: 2025-06-03
Form: S-3ASR
Chunk 17
---
 principal or interest on the indebtedness evidenced by the subordinated debt securities in certain events. If we default in the payment of any principal of, or premium, if any, or interest on any senior debt when it becomes due and payable after any applicable grace period, then, unless and until the default is cured or waived or ceases to exist, we cannot make a payment on account of or redeem or otherwise acquire the subordinated debt securities. 11 If there is any insolvency, bankruptcy, liquidation or other similar proceeding relating to us or our property, then all senior debt must be paid in full before any payment may be made to any holders of subordinated debt securities. Furthermore, if we default in the payment of the principal of and accrued interest on any subordinated debt securities that is declared due and payable upon an event of default under the subordinated indenture, holders of all our senior debt will first be entitled to receive payment in full in cash before holders of such subordinated debt can receive any payments. Senior debt means:

| • | the principal, premium, if any, interest and any other amounts owing in respect of our indebtedness for money borrowed and indebtedness evidenced by securities, notes, debentures, bonds or 
 other similar instruments issued by us, including the senior debt securities or letters of credit;                                                                                           |

| • | all capitalized lease obligations; |

| • | all hedging obligations; |

| • | all obligations representing the deferred purchase price of property; and |

| • | all deferrals, renewals, extensions and refundings of obligations of the type referred to above; |

| • | but senior debt does not include: |

| • | subordinated debt securities; and |

| • | any indebtedness that by its terms is subordinated in right of payment to, or ranks on an equal basis in right of payment with, our subordinated debt securities. |

Covenants Any series of offered debt securities may have covenants in addition to or differing from those included in the applicable indenture which will be described in subsequent filings prepared in connection with the offering of such securities, limiting or restricting, among other things:

| • | our ability of us or the ability of our subsidiaries to incur either secured or unsecured debt, or both; |

| • | our ability to make certain payments, dividends, redemptions or repurchases; |

| • | our ability to create dividend and other payment restrictions affecting our subsidiaries; |

| • | our ability to make investments; |