Dorian LPG said it received permission to use restricted cash and easier covenants from its lenders as VLGC rates continue to remain weak.
The New York-listed LPG carrier owner is also contemplating a share offering in order to raise new capital.
The lenders syndicate - ABN Amro, ING, Commonwealth Bank of Australia, and Kexim - originally provided some $758m in debt financing in 2015.
