Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 264

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 264
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0.1 million, to $2.5 million during the year ended December 31, 2024, from $2.6 million during the year ended December 31, 2023. The decrease is attributable to the decrease in interest rates during the year ended December 31, 2024, as compared to the corresponding period of 2023.
Gain on derivative instruments. On May 7, 2020 we entered into a floating to fixed interest rate swap transaction effective from June 29, 2020. It provided a fixed 3-month LIBOR rate of 0.41% based on notional values that reflect the amortization schedule of 100% of our debt outstanding under the $675 Million Credit Facility. During the year ended December 31, 2024, we recognized a gain on the derivative financial instruments of $1.8 million (relating to the portion of the period the interest rate swap agreement was in effect), compared to a gain on the derivative financial instrument of $5.3 million which was recognized in the year ended December 31, 2023. 
Loss on debt extinguishment. Loss on debt extinguishment increased by 50%, or $0.1 million, to $0.3 million loss during the year ended December 31, 2024, from $0.2 million loss during the corresponding period in 2023. This increase of Loss on debt extinguishment is mainly attributable to the write-off of $0.3 million of the unamortized deferred financing fees attributable to the portion of the $675 Million Credit Facility that was extinguished in the year ended December 31, 2024, due to the full prepayment of the outstanding amount thereunder of $408.6 million, mentioned below, compared the write-off of $0.2 million of the unamortized debt discounts attributable to the portion of the $675 Million Credit Facility that was extinguished in the year ended December 31, 2023, due to the voluntary partial prepayment of $31.3 million of the $675 Million Credit Facility .
Other Income. Other Income decreased to $1.5 million during the year ended December 31, 2024, from $2.9 during the corresponding period in 2023. Other income includes income from claims from hull and machinery and loss of hire insurance for damages incurred by our vessels in previous years.
Year ended December 31, 2023 compared to the year ended December 31,