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Tsakos Energy Navigation Ltd T.TNP


Primary Symbol: TEN Alternate Symbol(s):  TEN.PR.E

Tsakos Energy Navigation Ltd is a Greece-based provider of international seaborne crude oil and petroleum product transportation services. The Company operates through the maritime transportation of liquid energy-related products segment. The Company's fleet consists of 70 vessels, constituting a mix of crude tankers, product tankers, and liquefied natural gas (LNG) carriers, totaling more than 7 million dwt. It includes VLCC, Aframax, Panamax, handysize, handymax tankers, LNG carrier, and DP2 shuttle tankers, which allows the Company to serve its customers' international petroleum product and crude oil transportation needs.


NYSE:TEN - Post by User

Comment by bxjuon Mar 12, 2016 11:39am
138 Views
Post# 24651518

RE:News

RE:NewsWouldn't this be considered material thus a news release required?.  Did anyone know of this or see news of this in Dec?

On December 30, 2015, the Company entered into a waiver with the lenders under the Senior Credit Facility with respect to certain defaults that existed as of December 30, 2015, including, among other things, the borrowing base deficiency which the waiver requires to be repaid by March 31, 2016.

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