Dynagas LNG Partners LP Announces Pricing of Its Public

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Dynagas LNG Partners LP Announces Pricing of Its Public Offering of 4,800,000 Common Units

ATHENS, GREECE--(Marketwired - Jun 12, 2014) - Dynagas LNG Partners LP ("Dynagas Partners") ( NASDAQ : DLNG ) announced today that it has priced its previously announced underwritten public offering of 4,800,000 common units representing limited partner interests at $22.79 per common unit. The offering is expected to close on June 18, 2014. Dynagas Partners has also granted the underwriters a 30-day option to purchase up to an additional 720,000 common units. Dynagas Partners intends to use the net proceeds from the public offering to fund a portion of the purchase price of its previously announced acquisition of the ownership interests in the company that owns the 2013 built ice class liquefied natural gas carrier Arctic Aurora from Dynagas Holding Ltd., Dynagas Partners' sponsor (the "Acquisition"). Dynagas Partners intends to fund the balance of the purchase with a new $340 million senior secured revolving credit facility which Dynagas Partners plans to enter following the completion of this offering. The new $340 million senior secured revolving credit facility will also be used to refinance $214.1 million currently outstanding under Dynagas Partners' existing senior secured revolving credit facility. In the event that the Acquisition is not consummated, the net proceeds from this offering will be used for general partnership purposes.

Credit Suisse, BofA Merrill Lynch, Morgan Stanley, Deutsche Bank Securities and Barclays are acting as joint book-running managers for the offering, and ABN AMRO and DNB Markets are acting as co-managers for this offering.

This offering is being made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, when available, may be obtained from the offices of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, telephone: 1-800-221-1037 or email: newyork.prospectus@credit-suisse.com ; BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention Prospectus Department or email dg.prospectus_requests@baml.com ; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; Deutsche Bank Securities, Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, telephone (800) 503-4611 or email: prospectus.cpdg@db.com ; or Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847 or email: barclaysprospectus@broadridge.com .

A registration statement relating to these securities has been filed and declared effective by the Securities and Exchange Commission (the "SEC"). The registration statement is available on the SEC's website at www.sec.gov . This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Dynagas LNG Partners LP

Dynagas Partners was formed on May 30, 2013 by Dynagas Holding Ltd. to own, operate and acquire liquefied natural gas (LNG) carriers initially employed on multi-year charters. The initial fleet of Dynagas Partners consists of three LNG carriers, each of which has a carrying capacity of approximately 150,000 cbm and which are employed on multi-year charters.

Forward-Looking Statement

This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "should" and similar expressions are forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. These forward-looking statements, which include, among other things, the proposed public offering of common units and the entry into the proposed senior secured credit facility, involve risks and uncertainties that could cause the outcome to be materially different, including Dynagas Partners not completing the offering or the Acquisition. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

Contact Information: Dynagas LNG Partners LP 97 Poseidonos Avenue & 2 Foivis Street Glyfada, 16674 Greece Attention: Michael Gregos Telephone: (011) 30 210 8917260 Email: management@dynagaspartners.com Investor Relations / Financial Media: Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: dynagas@capitallink.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Major Donations Boost Mesothelioma Research Funding

Updated Category News Views 104

Significant Boosts in Mesothelioma Support November's chill didn't slow down major support for mesothelioma initiatives. On October 22, 2026, during the grand setting of the Foundation's 2026 International Symposium on Malignant Mesothelioma in The Woodlands, Texas, MesoCare.org and Danziger & De Llano, LLP stepped up big time. Their philanthropic moves weren't just about...

Continue Reading
Education Cannot Wait Nears US$600M Goal in Geneva

Updated Category News Views 123

Global Support Bolsters Education Cannot Wait Just when you think the world’s going sideways, some stories give you a dash of hope. The recent pledges at the Geneva conference have pumped Education Cannot Wait (ECW) up to 90% of the US$600 million goal. That’s some progress in tight times. With US$405.8 million freshly announced, they’ve got US$541.6 million in the...

Continue Reading
Reliving the Legacy of Friendship at Friends & Co

Updated Category News Views 44

Reconnecting With History In an era dominated by fleeting digital interactions, the heartening effort by Friends & Co stands out. This nonprofit is digging back into its roots and asking folks to share tales of the deep bonds formed over the past fifty years under its former guise, Little Brothers – Friends of the Elderly Twin Cities. The mission? To celebrate...

Continue Reading
Ajman Media Forum 2026: Shaping the Future of Media

Updated Category News Views 56

Kicking Off Ajman's Media Innovation Push Forget the stale conferences; Ajman is putting its chips on the table with the inaugural Ajman Media Forum 2026. Set to ignite on November 18 and 19 under the catchy theme 'Who Owns the Signal?,' this two-day brain fest takes media transformation by the horns. They're not just talking; they're set to weave emerging tech,...

Continue Reading
Algolia Teams Up with Orange for AI-Driven Billing Support

Updated Category News Views 28

In the Thick of AI Integration with Orange Group Look who's making waves with AI—Algolia, that’s who! They’re in cahoots with Orange Group to sprinkle a bit of artificial intelligence magic over billing and account support. It might sound like a mundane corner of the business world, but don't let the monotony fool you. Algolia's collaboration with Orange is set to...

Continue Reading
Strategic Move: New Rehab Hospital Set for 2028

Updated Category News Views 62

Building on Partnership: A Strategic Expansion You might not see it through the usual investor lens, but this new joint venture between Tampa General Hospital (TGH) and Lifepoint Rehabilitation in Spring Hill, Florida, isn't just about putting a new pin on the map. It's a calculated move to beef up access to top-notch rehab care, aimed at the folks in Hernando County and...

Continue Reading
Diamond Foundry's Breakthrough in D200mm Crystal Tech

Updated Category News Views 10

Diamond Foundry just dropped a jaw-dropping bombshell. The creation of the first-ever D200mm single-crystal diamond—a staggering 200-millimeter marvel—sends ripples right through the world of technology. Folks, we've officially crossed into the land of wafer-scale diamonds, a feat that seemed like a sci-fi fantasy not too long ago. Breaking Old Barriers There's a...

Continue Reading
Yiren Digital Faces Class Action by Investors

Updated Category News Views 57

Yiren's Stormy Seas: A Tale of Instability If you're holding a stake in Yiren Digital Ltd. (NYSE: YRD), you're likely feeling the heat right now. It's been a ride down a bumpy road with stock prices taking a nosedive—plummeting 44.05% on news that's got investors seeing red. The Nuts and Bolts of the Class Action What's the big fuss, you ask? Well, the lawsuit is no...

Continue Reading
Tetragon Declares Dividend Amidst Regulation Challenges

Updated Category News Views 43

What Keeps Investors on Their Toes Tetragon Financial Group is ringing the dividend bell again—a solid 12 cents a share coming your way. But don't just kick your feet up and watch the cash roll in; there's a tangle of juicy tidbits and regulatory strings attached that make this more than your run-of-the-mill payout announcement. A Look at the Dividend Breakdown For...

Continue Reading
F&G Boosts Dividend for Investors in Strong Signal

Updated Category News Views 53

Ring the Bell: Dividend Hike from F&G F&G Annuities & Life (NYSE: FG) just raised its dividend, and every investor worth their salt knows that means something. A 4% bump up to $0.26 per common share might not sound like a fanfare, but in the land of finance, it's an indication that this company thinks it's riding a positive wave. It’s like getting a little bonus in your...

Continue Reading

Top 5 Most Recently Viewed Articles

Air Lease Corporation Launches $2 Billion Commercial Paper Program

Updated Category News Views 158

Air Lease Corporation Launches New Financing Program Air Lease Corporation (NYSE: AL), a prominent player in the aircraft leasing industry with a market capitalization of $5.25 billion, has unveiled its latest initiative: a commercial paper program that will enable the issuance of up to $2 billion in short-term unsecured notes. This strategic move is aimed at bolstering...

Continue Reading
BeyondCPG Accelerator Launches Seventh Growth Program

Updated Category News Views 32

Fresh Faces in Conscious Consumerism There's nothing quite like an early morning jolt of caffeine mixed with the buzz of innovation in the air. BeyondCPG, a heavyweight in the conscious products arena, has cracked open the doors to its seventh round of powerhouse brand-boosting with the launch of its new Accelerator Track 7. They're mixing heart with hustle to give...

Continue Reading
Bank First Corporation Expands with Acquisition of Centre 1 Bancorp

Updated Category News Views 285

Exciting New Chapter for Bank First Corporation Bank First Corporation, a well-regarded holding company, has just taken an exciting step forward with the announcement of its definitive agreement to acquire Centre 1 Bancorp, Inc. This strategic move is set to bolster Bank First's presence and service offerings in the banking industry, showcasing a shared dedication to...

Continue Reading
Brennan Investment Group Elevates Dan Smith to Senior VP Role

Updated Category News Views 146

Brennan Investment Group Promotes Dan Smith In an exciting development, Brennan Investment Group has announced the well-deserved promotion of Dan Smith to the role of Senior Vice President. This decision signifies the firm’s recognition of his exceptional efforts and abilities within the organization since he joined in 2023. Leadership in Industrial Investments In his...

Continue Reading
GenoPalate and ThrivePass Join Forces for Wellness Revolution

Updated Category News Views 134

Revolutionizing Employee Wellness with Personalized Nutrition In a groundbreaking initiative, GenoPalate has partnered with ThrivePass to enhance employee wellness by offering personalized nutritional insights. This collaboration combines GenoPalate's innovative nutrigenomic technology with ThrivePass's dedication to improving employee benefits. As more companies come to...

Continue Reading