Dynagas LNG Partners LP Announces Pricing of Initial Public Offering


Tuesday, 12 Nov 2013 11:01pm EST 

Dynagas LNG Partners LP announced that it has priced its initial public offering of 12,500,000 common units at $18.00 per unit. These common units represent limited partner interests and include 8,250,000 common units to be sold by Dynagas Partners and 4,250,000 common units to be sold by Dynagas Holding Ltd., its sponsor. Dynagas Holding has granted the underwriters a 30-day option to purchase up to an additional 1,875, 000 common units at the same price per unit. The common units being offered to the public are expected to begin trading on November 13, 2013 on the Nasdaq Global Select Market under the symbol 'DLNG.' The offering is expected to close on or about November 18, 2013, subject to customary closing conditions.