Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:55 AM
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Slide #324. 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 3,000,000 of its 9.0% Series A Cumulative Redeemable Preferred Units (the "Series A Preferred Units"), representing limited partner interests, at $25.00 per unit. The offering is expected to close on July 20, 2015. Dynagas Partners has granted the underwriters a 30-day option to purchase up to an additional 450,000 Series A Preferred Units on the same terms and conditions to cover over-allotments, if any.
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.
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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