The Partnership financed this acquisition with the net proceeds of its recently completed $250 million public offering of senior unsecured notes due 2019 and available cash on hand.
Dynagas LNG Partners LP (NASDAQ: DLNG) is a growth-oriented partnership formed by Dynagas Holding Ltd. to own, and operate liquefied natural gas (“LNG”) carriers employed on multi-year charters. The current fleet of Dynagas LNG Partners consists of five LNG carriers, each of which has a carrying capacity of approximately 150,000 to 155,000 cbm.
Source: Dynagas LNG Partners LP