Cadwalader Advises Conflicts Committee of Dynagas LNG Partners in $240 Million Carrier Acquisition

Dec 21, 2015

Contact(s)

Kimberly Brooks
New York
+1 212 504 5652
kimberly.brooks@cwt.com

Cadwalader, Wickersham & Taft LLP, a leading law firm to global corporations and financial institutions, advised the Conflicts Committee of the Board of Directors of Dynagas LNG Partners LP in its agreement with Dynagas Holding Ltd., the partnership's sponsor, to purchase 100% of the ownership interests in the entity that owns and operates the Lena River, a 2013 built 155,000 cubic meter ice class liquefied natural gas carrier, and the related time charter contract with Gazprom Global LNG Limited, for $240 million. The closing of the Lena River acquisition is expected to take place on or before December 31, 2015.

The Cadwalader Corporate team was led by partner Richard M. Brand and included special counsel Andrew Alin and associate Saadia Ghazi.

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