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Press Release
Dynagas LNG Partners LP Announces Closing of Its $55,000,000 Public Offering of 8.75% Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units 24 Oct 2018 MONACO – October 24, 2018 - Dynagas LNG Partners LP (NYSE: DLNG) (“Dynagas Partners”) today announced the closing of its previously announced public offering of 2,200,000 of its 8.75% Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference $25.00 per unit (the “Series B Preferred Units”), representing limited partner interests, at a price to the public of $25.00 per unit. Distributions will be payable on the Series B Preferred Units to November 22, 2023 at a fixed rate equal to 8.75% per annum and from November 22, 2023, if not redeemed, at a floating rate. Dynagas Partners has granted the underwriters a 30-day option to purchase up to an additional 330,000 Series B Preferred Units on the same terms and conditions. More details: dlng102418b.pdf |