Press Release

Dynagas LNG Partners LP Announces Pricing of $250.0 Million of Senior Unsecured Notes due 2019

08 Sep 2014

ATHENS, Greece – September 8, 2014 – Dynagas LNG Partners LP (“Dynagas Partners” or the “Partnership”) (NASDAQ: DLNG) announced today that it has priced its previously announced $250.0 million public offering of senior unsecured notes due 2019 (the “Notes”). Dynagas Finance Inc., (together with the Partnership, the “Issuers”) a wholly-owned subsidiary of the Partnership, is acting as co-issuer of the Notes. The Notes will mature on October 30, 2019. The Notes will bear interest at a rate of 6.25% per year, payable quarterly on each January 30, April 30, July 30 and October 30, commencing on October 30, 2014. The Issuers have granted the underwriters of the offering a 30-day option to purchase up to an additional $15.0 million of the Notes on the same terms and conditions. The offering is expected to close on September 15, 2014.

More details: dlng090814.pdf



 
 
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