Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 228

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 228
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,550 1,565 37,550

On March 13, 2024, the Company signed a new seven-year loan agreement amounting to $ 103,456 relating to the pre- and post- delivery financing of the under construction DP2 suezmax shuttle tankerAthens 04. The new loan is repayable in fourteen semi-annual 2,873.77 63,223.108

On May 31, 2024, the Company signed a new one and a half year to the refinancing of the panamax tankers, SeliniandSalamina. The loan is repayable in two semi-annual installments of $ 2,308.8, commencing six months after the date signed, plus a balloon of $ 2,308.8.

On May 31, 2024, the Company prepaid the amount of $ 28,147 Neo Energy.

On August 30, 2024, the Company signed a seven-year loan agreement amounting to $ 111,776 relating to the pre- and post- delivery financing of the under construction DP2 suezmax shuttle tankerAnfield. The new loan is repayable in fourteen semi-annual 3,000 69,776 14,903.5

On December 10, 2024, the Company signed a new five-year loan agreement amounting to $ 25,000 relating to the refinancing of the suezmax tanker, Eurovision. On December 10, 2024, the Company drew down the amount of $ 25,000 20,682 ten semi-annual 1,785.7 7,143

On April 2, 2025, the Company signed a new one year loan extension on the existing loan agreement reaching maturity, relating to the refinancing of the handysize tankers, ByzantionandBosporos. The loan is repayable in three semi-annual installments of $ 1,365.

According to the debt extinguishment guidance of ASC 470-50 “ Debt Modifications and Extinguishments”, the Company expenses any unamortized deferred financing costs on its prepaid loans (Note 7).

At December 31, 2024, interest rates on the bank loans ranged from 5.90 7.40

The weighted-average interest rates on all executed loans for the applicable periods were:

Long-term Debt - Weighted-Average Interest Rates (Table)

  Year ended December