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Tsakos Energy Navigation files $493.9 million shelf
By Jennifer Chiou
New York, May 18 - Tsakos Energy Navigation Ltd. registered to sell up to $493,900,955 of securities, including $193,900,955 of common shares, in an F-3 filing with the Securities and Exchange Commission.
Covered by the shelf are common shares, preferred shares, warrants, debt securities, guarantees, purchase contracts and units. Securities may be structured as convertibles.
The company intends to issue 5,222,218 common shares.
Athens, Greece-based Tsakos said proceeds will be used for general corporate purposes.
The company owns modern tankers for oil companies and refiners.
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