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Strong Buy (4.00 out of 4)
79th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, May 2, 5:46 PM
Slide #491. Tsakos Energy Navigation Limited — Preferred Stock Offering
Company: |
Tsakos Energy Navigation Limited (NYSE:TNP) |
Date announced: |
9/25/2013 |
Shares Offered: |
2,000,000 |
Date of Pricing: |
9/26/2013 |
Price Per Share: |
$25 |
Preferred Stock Offering Details: |
Tsakos Energy Navigation Limited ("TEN") (NYSE: TNP), a leading product, crude and LNG tanker operator, today announced that it plans to offer its Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") in a public offering under its effective shelf registration statement. --updated 9/26 - Tsakos Energy Navigation Limited ("TEN") (NYSE: TNP), a leading product, crude and LNG tanker operator, today announced the pricing of its $50 million offering of 8 7/8% Series C Cumulative Redeemable Perpetual Preferred Shares in a public offering under its effective shelf registration statement at $25.00 per share. The Company has also granted the underwriters a 30-day option to purchase up to $7.5 million of additional Series C Preferred Shares. |
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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