Secondary Stock Offerings
By The Online Investor Staff, updated Sun., Apr. 26, 2:14 AM
Slide #6. Tsakos Energy Navigation Limited — Secondary Offering
||Tsakos Energy Navigation Limited (NYSE:TNP)
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||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
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||Tsakos Energy Navigation Ltd.
||Oil & Gas Equipment & Services
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