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 July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Substantial Demand Underscores Need for TIGER Grants

U.S. Transportation Secretary Anthony Foxx has announced that applications to the U.S. Department of Transportation for its seventh round of Transportation Investment

Diana to Acquire Two Post-Panamax Containerships

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated

Intelsat Records $598 mln Q2 Revenue

Satellite services provider Intelsat S.A. has reported total revenue of $598.1 million and net income attributable to Intelsat S.A. of $60.2 million, or $0.47 per common share on a diluted basis,

Salvage

Four Rescued from Boat Fire in California

U.S. Coast Guard and firefighter crews helped rescue four people from a boat fire Tuesday afternoon in Alameda, Calif.   Coast Guard Sector San Francisco Command

Diesel Spill in Houston Ship Channel

A small section of the Upper Houston Ship Channel was closed Tuesday morning after a report of 1,000 gallons of diesel entered Greens Bayou from a cement facility, the U.

Wrecked 'Russian Submarine' Found in Swedish Waters

A wrecked mini-submarine was found last week in waters off of Sweden’s eastern coast.   Authorities believe it is a Russian model, primarily because of Cyrillic letters on the hull.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Electronics 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: 0.1187 sec (8 req/sec)