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Conyers Dill & Pearman Limited provided Bermuda legal advice to Tsakos Energy Navigation Limited (“TEN”) on its public offering of up to US$135 million of Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (the “Pref Shares”). TEN intends to list the Pref Shares on the New York Stock Exchange. UBS Investment Bank, Morgan Stanley, J.P. Morgan, Citigroup and Credit Suisse acted as joint bookrunners for the offering. Berenberg Capital Markets LLC, BNP Paribas and Brock Securities acted as co-managers.
Tsakos Energy Navigation Limited is a Bermuda incorporated company and a leading product, crude and LNG tank operator whose common shares and other securities are listed on the New York Stock Exchange.
Elizabeth Denman of Conyers’ Bermuda office advised on the matter working alongside Morgan Lewis & Bockius, New York and Holman Fenwick Willan, LLP, London.