v3.26.1
Subsequent Events
12 Months Ended
Mar. 31, 2026
Subsequent Events:  
Subsequent Events

25. Subsequent Events

Prepayment of Debt and Sale of VLGC

On April 20, 2026, we prepaid $16.5 million of the 2023 A&R Debt Facility, a proportion related to the 2015-built VLGC Cobra. On May 6, 2026, we completed the sale of this vessel, receiving proceeds net of commissions and fees of $81.9 million.

Dividend

On May 7, 2026, we announced that our Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock totaling $42.8 million. The dividend is payable on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026.