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Strong Buy (3.64 out of 4)
71st percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, December 19, 5:04 AM
Slide #203. 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 Limited is a provider of international seaborne crude oil and petroleum product transportation services. As of Apr. 5, 2017, Co. operated a fleet of 57 modern crude oil and petroleum product tankers 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 fleet also includes two LNG carriers and three suezmax shuttle tankers with advanced dynamic positioning technology (DP2), bringing the total operating fleet to 62 vessels. Preferreds: TNP.PRB, TNP.PRC, TNP.PRD, TNP.PRE
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