36S7yngroAu venue1,765P4F. aliroH, ellas
Tel3:0219004710-3, Fax3:0219004716, e-mail: ten@tenn.gr Websiteh:ttp://www.tenn.gr TsakoEs nergNy avigationLimitedCl ose$s5M0 illionOfferingoift8s7/8%SerieCs
CumulativRe edeemablPe e rpetuaPl ref erredShares
ATHENSG,
REECES, eptember30, 2013-TsakosEnergyNavigationLimited("TEN")
(NYSET: NP)a,leadingproductc, rudeand LNGtankeroperatort,odayannouncedthe closingofits$50mi llionofferingof8 7/8%SeriesCCumulative RedeemablePerpetual PreferredShareisnapublicoffe ringundeirtesffectiveshelrfe gistrationstatemenat$t 25.00 pesrhare.
ThCe ompanhyaaslsograntedth oafdditionaSlerieCsPreferredShares.
uenderwriter3as0-daoyptionto purchasuepto$7.m5 illion
TENintendtsoustehne ept roceedfsromthe | offeringfogreneraclorpo | ratpe urposesw, hich |
mayincludemakingvesseal cquisitionsorin | vestmentsT.ENintend | stolistheSeriesC |
PreferredShareosnthNe ewYorSktocEk xchange. |
UBISnvestmenBt anakndMorgan Stanleayctedajso inbtookrunnerfsotrhe offeringJ.efferies actedalseadmanagefrotrheofferingI.ncapi taalndDNBMarketasctedacso-managerfsor
thoeffering.
Copiesotfheprospectusupplemenat ndthe accompanyingbasepros pectusrelatedtothe offerinmg abyoebtainedfromUBSInvestment BankA, ttentionP: rospectuDs epartment2,99
ParkAvenueN,
ewYorkN,
ew York1, 0171t,elephon e8: 77-827-6444, ext5. 61-3884a, nd
MorganStanleyA, ttentionP: rospectuDs epart ment1,80VarickStreet
2,ndFloorN, ewYork,
NY10014t,elephone1:- 866-718-1649e,mail: prospectus@morganstanley.com.
Thips resrseleasedoens ot constituteanoffetro selolasrolicitation oafnoffetrobuythe securitieds escribedhereinn, osrh altlherebeanysaleotfheses ecuritieisnansytatoeor ther jurisdictioninwhichsuchanoffe rs,olicitationosrale woulbduenlawfuplriotroregistrationor qualificationundetrhseecuritielsawosafnsyu chjurisdictionT. hoe ffe ringmabyme adoe nly bmy eanospafrospectussupplement anadccompanying basperospectus.
TodateT, EN'fsleetin, vesselmsa, ioxpfroduc
cludinagnLNGcarrieurndecronstructionc,onsistos4fd9ouble-hull ttankersc,rudteankerasndLNGcarr ierst,otalin4g.m9 illiondwtO. f
these2,a8rperoducctarrierrsanginfgromsh | uttlseuezmaxetsoha | ndysize1,a9rcerude |
tankerrsanginfgromVLCCtsoafra | maxesa,ndtwoarLe NGcarriers. |
Exceptforthehistoricailnfo rmationcontainedhere int,hemattersdiscussedinthispress releaseareforward-lookingstatementsthaitn volverisksanduncertai ntiesthact ouldcause actuarlesultstodiffermateriallyfromthose predictedbysuchforward-lookingstatements.
DB1/ 75976651.2 1
TENundertakens obligationtopublicluypdate anfyorward-lookinsgtatementw, hethearas resulotnfewinformationf,utureeventso,ortherwise.
Contact:
Fofrurtheirnformati onpleasceontact: Company
TsakoEs nergNy avigationLtd. GeorgSearoglou
COO
+30219004710 gsaroglou@tenn.gr
InvestoRr elationM/s edia CapitaLl inkI,nc. NicolaBs ornozis PauLl ampoutis
+2162671566 ten@capitallink.com
DB1/ 75976651.2 2
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