Press Release

Dynagas LNG Partners LP Announces Public Offering of Senior Notes Due 2019

04 Sep 2014

ATHENS, Greece – September 4, 2014 – Dynagas LNG Partners LP (“Dynagas Partners” or the “Partnership”) (NASDAQ: DLNG) announced today that it plans to issue senior unsecured notes due 2019 (the “Notes”) in a registered public offering. Dynagas Finance Inc., a wholly-owned subsidiary of the Partnership, is acting as co-issuer of the Notes. The Partnership intends to use the net proceeds from the offering to finance the majority of the purchase price of one of three recently built vessels that the Partnership has the option to acquire from Dynagas Holding Ltd., the Partnership’s sponsor, together with its respective charter contract. The Partnership expects to fund the balance of the purchase price of the vessel with cash on hand.

More details: dlng090414.pdf



 
 
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