Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, August 14, 9:45 PM
|This Slide: #142 of 582|
Slide #142. Dynagas LNG Partners LP — Preferred Stock Offering
Dynagas LNG Partners LP (NYSE:DLNG)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Dynagas LNG Partners LP (NYSE: DLNG) ("Dynagas Partners") today announced that it has priced its 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. The offering is expected to close on or about October 23, 2018 subject to customary closing conditions.
Dynagas LNG Partners is a holding company. Through its subsidiaries, Co. is focused on owning and operating liquefied natural gas (LNG) carriers. The vessels in Co.'s fleet are contracted on time charters with international energy companies, including Gazprom Global LNG Limited, Equinor ASA and Yamal Trade Pte. Ltd.
Open the DLNG Page at Preferred Stock Channel »
Free DLNG Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Hold (2.29 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com