At long last, Dynagas LNG Partners (DLNG) has announced they have secured the funding necessary to make their $250mm October maturity:
Dynagas LNG Partners LP announced today that it hassi entered into definitive documentation with leading international banks for a syndicated $675 million senior secured term loan. The Credit Facility will be secured by, among other things, first priority mortgages on the six LNG carriers in the Partnership's fleet.
Borrowings under the Credit Facility, together with cash on hand, will be utilized to repay in full the Partnership's existing indebtedness, consisting of the