Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 155

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 3
Chunk 155
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, 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, 2022

For a discussion of our results for the year ended December 31, 2023 compared to the year ended December 31, 2022, please see “ Item 5. Operating and Financial Review and Prospects - A. Operating Results - Year ended December 31, 2023 compared to the year ended December 31, 2022” contained in our annual report on Form 20-F for the year ended December 31, 2023, filed with the SEC on April 26, 2024.

  LIQUIDITY AND CAPITAL RESOURCES  
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Liquidity and Cash Needs

We operate in a capital-intensive industry and we expect to finance the purchase of additional vessels and other capital expenditures through a combination of borrowings from debt transactions, cash generated from operations and equity financings. Our liquidity requirements relate to servicing the principal and interest on our debt, paying distributions, when, as and if declared by our Board of Directors and funding capital expenditures and working capital. Our funding and treasury activities are intended to maximize investment returns