Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 270

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 270
---
 December 31, 2023.
Net cash used in investing activities increased by $0.6 million, or 16.7%, to $4.2 million for the year ended December 31, 2023, as compared to $3.6 million for the year ended December 31, 2022. This increase was primarily attributable to cash used for the installation of the BWTS on the Arctic Aurora, the Yenisei River and the Lena River compared to cash used for installation of BWTS on other three vessels in 2022.
Net Cash Used in Financing Activities
Net cash used in financing activities increased by $31.4 million, or 47.4%, from net cash used in financing activities of $66.3 million in the year ended December 31, 2023, to net cash used in financing activities of $97.7 million in the year ended December 31, 2024. This increase is mainly due to: (a) the increase in the repayments of long- term debt by $363.4 million, due to the amounts paid for the full prepayment of the $675 Million Credit Facility, mentioned above, (b) the increase in the payment of deferred finance fees by $2.5 million, attributable to the 2024 Lease Financing, mentioned above, (c) the increase of $1.8 million and $1.4 million in the payment of distributions to the common and the preferred B unitholders, respectively, (d) the increase in the amounts paid for the repurchase of common units by $0.2 million, as part of the Common Unit Repurchase Program, mentioned above, and (e) the decrease of $7.0 million in receipts from derivative instruments. The above increase in net cash used in financing activities was partially offset by the proceeds of $344.9 million from the 2024 Lease Financing.

101

Net cash used in financing activities decreased by $4.5 million, or 6.4% from net cash used in financing activities of $70.8 million in the year ended December 31, 2022, to net cash used in financing activities of $66.3 million in the year ended December 31, 2023. This decrease was mainly due to the increase of receipts of derivative instruments by $17.2 million, which was offset by an increase in of repayments of the $675 Million Credit Facility by $12.6 million, due to the amounts paid for