Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 161

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 3
Chunk 161
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, 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.

Table of Contents

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 voluntary prepayments of $31.3 million and $18.73 million, on March 27, 2023 and October 12, 2022, respectively, under the $675 Million Credit Facility.

Distributions

Distributions on Common Units

We paid a cash distribution of $0.049 per unit to all common unitholders on December 12, 2024 and February 27, 2025.

See “ Item 8. Financial Information - A. Consolidated Statements and Other Financial Information - Our Cash Distribution Policy.”

Distributions on Series A Preferred Units

We paid a cash distribution of $0.5625 per unit to all Series A Preferred unitholders on February 12, 2020, May 12, 2020, August 12, 2020, November 12, 2020, February 12, 2021, May 12, 2021, August 12, 2021, November 12, 2021, February 14, 2022, May 12, 2022, August 12, 2022, November 14,