The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Apr. 26, 2:14 AM

Slide #6. Tsakos Energy Navigation Limited Secondary Offering

Company: Tsakos Energy Navigation Limited (NYSE:TNP)
Date announced: 4/22/2015
Shares Offered: 3,400,000
Date of Pricing: 4/23/2015
Price Per Share: $25
Secondary Offering Details: Tsakos Energy Navigation Limited ("TEN") (NYSE: TNP), a leading crude and product tanker and LNG carrier operator, today announced that it plans to offer its Series D Cumulative Redeemable Perpetual Preferred Shares in a public offering under its effective shelf registration statement. - updated 4/23 - Tsakos Energy Navigation Limited ("TEN") (NYSE: TNP), a leading crude and product tanker and LNG carrier operator, today announced the pricing of its public offering of 8.75% Series D Cumulative Redeemable Perpetual Preferred Shares, which was upsized to $85 million. TEN will issue 3.4 million Series D Preferred Shares at a price to public of $25.00 per share.

Tsakos Energy Navigation is an international shipping company based in Greece. Co. is engaged in the provision of international seaborne petroleum product and crude oil transportation services. Co. operates a fleet of approximately 45 modern petroleum product tankers and crude oil carriers that provide world-wide marine transportation services for national, major and other independent oil companies and refiners under long, medium and short-term charters. Co.'s fleet also includes one 2007-built Liquefied Natural Gas (LNG) carrier and two 2013-built shuttle suezmax tankers with advanced dynamic positioning technology (DP2), bringing its total operating fleet to 48 vessels.

Preferreds: TNP.PRB, TNP.PRC

Open the TNP Page at The Online Investor »

Company Name:  Tsakos Energy Navigation Ltd.
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding TNP:  4
Total Market Value Held by ETFs:  $3.62M
Total Market Capitalization:  $779.00M
% of Market Cap. Held by ETFs:  0.46%

Open the TNP Page at The Online Investor (in a new window) »

April 26, 2015    2:14 AM Eastern
Quotes delayed 20 minutes

Strong Buy (3.79 out of 4)
82nd percentile
(ranked higher than approx. 82% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2015, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.