Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 137

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 5
Chunk 137
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Interest is usually payable at a variable rate, based on one- or three- or six-month SOFR plus a margin.

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

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

  Year ended December 31, 2024      6.87%  
  Year ended December 31, 2023      6.68%  
  Year ended December 31, 2022      3.91%  
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Long-Term Contractual Obligations as of December 31, 2024 (in millions of U. S. dollars) were:

  Contractual Obligations                                                                                                                               Total      Less than 1        1-3 years        3-5 years      More than   
                                                                                                                                                                          year      (2026-2027)      (2028-2029)      5 years     
                                                                                                                                                                        (2025)                                        (after      
                                                                                                                                                                                                                      January 1,  
                                                                                                                                                                                                                      2030)       
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Long-term debt obligations (excluding interest) and other financial liabilities                                                                     1,757.3            254.8            655.9            502.2      344.4       
  Vessel operating leases 1                                                                                                                              20.3             15.3              5.0                —      —           
  Interest on long-term debt obligations 2                                                                                                              296.5             91.3            121.9             54.2      29.1        
  Purchase Obligations (new-buildings) 3                                                                                                                725.7            339.3            324.8             61.6      —           
  Management Fees payable to Tsakos Energy Management (based on existing fleet plus contracted future vessel deliveries as at December 31, 2024)        209.0             23.0             45.7             46.0      94.3        
  Total                                                                                                                                               3,008.8            723.7          1,153.3            664.0      467.8       

  (1)      The amounts represent Company’s commitments under