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Quotes delayed 20 minutes
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Strong Buy (4.00 out of 4)
83rd percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, July 14, 8:41 PM
Slide #375. 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, as well as transporting liquefied natural gas. Co. operates a fleet of modern crude oil and petroleum product tankers that provide world-wide marine transportation services for national, primary and other independent oil companies and refiners under long, medium and short-term charters. Co.'s fleet also includes liquefied natural gas carriers and suezmax shuttle tankers with advanced dynamic positioning technology. Preferreds: TNP.PRB, TNP.PRC, TNP.PRD, TNP.PRE, TNP.PRF
 Open the TNP Page at Preferred Stock Channel »
| Name: |
Tsakos Energy Navigation Ltd |
| Website: |
www.tenn.gr |
| Sector: |
Air Services Other |
| Number of ETFs Holding TNP: |
1 (see which ones) |
| Total Market Value Held by ETFs: |
$9,285,278 |
| Total Market Capitalization: |
$182,000,000 |
| % of Market Cap. Held by ETFs: |
5.10% |
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Open the TNP Page at Preferred Stock Channel (in a new window) »
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