Company: DLNG
Filing Date: 2025-09-09
Form Type: 6-K
Source: 0001317861-25-000049
Chunk: 8

Company: Dynagas LNG Partners LP
Filing Date: 2025-09-09
Form: 6-K
Chunk 8
---
2025, the Partnership reported total cash of $77.9 million. The Partnership’s outstanding financial liabilities as of June 30, 2025, under the Sale and Leaseback agreements between the vessel owning companies of the Clean Energy, the OB River, the Amur Riverand the Arctic Aurorawith China Development Bank Financial Leasing Co. Ltd. amounted to $45.1 million, $59.8 million, $61.4 million and $134.5 million, respectively, gross of unamortized deferred loan fees. The financial liabilities under these Sale and Leaseback agreements are repayable within approximately four years for the Clean Energy, the OB Riverand the Amur Riverand within nine years for the Arctic Aurora. On July 25, 2025, the Partnership redeemed all of the issued and outstanding Series B Preferred Units. Thenumber of Series B Preferred Units redeemed was 2,200,000. Following completion of the Redemption, no Series B Preferred Units remain outstanding. The aggregate redemption payment consisted of the amount of $55.0 million (representing $25.00 per Series B Preferred Unit) plus an amount equal to all accumulated and unpaid distributions thereon to the Redemption Date, whether or not declared. The Redemption was funded by internal cash reserves and did not involve raising additional debt. For additional information, please see “Full Redemption of Series B Preferred Units” above. Vessel Employment As of June 30, 2025, the Partnership had estimated contracted time charter coverage (4)for 100% of its fleet estimated Available Days (as defined in Appendix B) for each of 2025, 2026 and 2027. As of the same date, the Partnership’s estimated contracted revenue backlog (5) (6)was $0.9 billion, with an average remaining contract term of 5.6 years. (4)Time charter coverage for the Partnership’s fleet is calculated by dividing the fleet contracted days on the basis of the earliest estimated delivery and redelivery dates prescribed in the Partnership’s current time charter contracts, net of scheduled class survey repairs by the number of expected Available Days during that period. (5)The Partnership calculates its estimated contracted revenue backlog by multiplying the contractual daily hire rate by the expected number of days committed under the contracts (assuming earliest delivery and redelivery and excluding options to extend), assuming full utilization. The actual amount of revenues earned and the actual periods during which revenues are earned may differ from the amounts and periods disclosed due to, for example,