TEN Files Shelf Registration With The SEC

Friday, November 14, 2003
Tsakos Energy Navigation, Ltd has filing a $150 million universal shelf registration statement with the U.S. Securities and Exchange Commission. The filing will allow TEN to offer, from time to time, any combination of senior and subordinated debt securities, convertible debt securities, equity securities, preferred securities, warrants and depository shares. Proceeds from any offering under the registration statement may be used to finance the Company's capital expenditures (including the company's newbuilding program), potential acquisitions, and general corporate purposes, including working capital and the repayment of debt. TEN currently has ample liquidity and no immediate plans to access the capital markets. This shelf registration will provide TEN with maximum flexibility as it continues to invest in its business and explore various opportunities for the long-term benefit of all shareholders. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Fifth Jackup Contract for Keppel from Gulf Drilling

Keppel FELS Limited, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a contract from Gulf Drilling International Ltd. of Qatar to build a

Scorpio Tankers Receive 7 More Newbuildings

Scorpio Tankers Inc. say it has recently taken delivery of seven newbuilding vessels as follows: STI Madison and STI Park, LR2 product tankers, were delivered

Greek Owners CPP Charter Out Three Tankships

Capital Product Partners L.P. (CPP) an international diversified shipping company, says it has secured time charter employment for the M/T ‘Avax’, M/T ‘Agisilaos’ and M/T ‘Alkiviadis’.

Salvage

Update: SS Central America Salvage

Odyssey Marine Exploration completes current phase of SS Central America recovery; 15,500+ gold and silver coins, 45 gold bars recovered to date; 161,000-square meter,

T&T Salvage Refloats Containership

Damn the Torpedoes: T&T Salvage completes another successful OPA 90 response T&T Salvage and their strategic response partner, Cabras Marine, successfully refloated a 17,

USCG, Enbridge to Conduct Oil Spill Response Exercise

The Coast Guard 9th District, partner agencies, and Enbridge Energy Limited Partnership will conduct a full-scale oil spill response exercise in Indian River, Michigan, Wednesday.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1885 sec (5 req/sec)