TEN plots share sale worth up to $40m

Greek owner Tsakos Energy Navigation (TEN) is planning a share offering worth up to $40m.

In an SEC filing, the US-listed tanker and LNGC player said the at-the-market equity sale will involve Stifel, Nicolaus & Company and DNB Markets as sales agents.

The company may sell from time to time a combination of common shares and its 8%, 8.875% and 8.75% series B, C and D redeemable preferred stock.

Sales