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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Statoil Says Sees European Gas Prices Bottoming Out

Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply,

Baltic Index Down on Lower Demand for Larger Vessels

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday hurt by sluggish demand for large vessel sizes.

Commodities Shipping Firms Struggle to Ride Out Worst Downturn

Shipping companies transporting coal, and iron ore and other commodities are urgently seeking ways to conserve cash and withstand the worst market downturn on record

Salvage

Returning to the Scene of the Shipwrecks

A participant in a diving field school last fall, graduate student Tori Kiefer is back to help a new set of students learn the joy of surveying shipwrecks.   Last fall,

Grounded Bulker Repaired, Heads for Japan

The Captain of the Port for Oregon and southern Washington canceled the captain of the port order on the motor vessel Sparna allowing the vessel to leave its mooring at Kalama, Wash.

Ardent Earns ISO 9001:2015 Certification

Ardent, formed just over a year ago as a merger of A.P. Moller-Maersk’s Svitzer Salvage and Crowley’s Titan Salvage, has been issued the ISO 9001:2015 Certification

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0722 sec (14 req/sec)