PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, December 2, 11:39 AM
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Slide #444. 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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Avg. Broker Rec.
 
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Buy (3.33 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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