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Strong Buy (4.00 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, April 20, 8:35 AM
Slide #380. Tsakos Energy Navigation Limited — Preferred Stock 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 |
Preferred Stock 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 a holding company. Through its subsidiaries, Co. is a provider of international seaborne crude oil and petroleum product transportation services. Co. is also engaged in transporting liquefied natural gas. Preferreds: TNP.PRB, TNP.PRC, TNP.PRD, TNP.PRE, TNP.PRF
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