Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 41

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 41
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 analyzed as follows:

Long-term debt and other financial liabilities - Other financial liabilities, net (Table)

|                                                                                |     |   | June 30, 2025 |     |   | December 31, 2024 |
|:-------------------------------------------------------------------------------|:----|:--|--------------:|:----|:--|------------------:|
| Other financial liabilities                                                    |     | $ |       146,920 |     | $ |           151,584 |
| Less: Deferred finance costs, net                                              |     |   |        -1,492 |     |   |            -1,649 |
| Total other financial liabilities                                              |     |   |       145,428 |     |   |           149,935 |
| Less: Current portion of other financial liabilities                           |     |   |        -9,328 |     |   |            -9,328 |
| Add: Deferred finance costs, current portion                                   |     |   |           300 |     |   |               312 |
| Other financial liabilities, net of current portion and deferred finance costs |     | $ |       136,400 |     | $ |           140,919 |

On December 21, 2021, the Company entered into a new ten-yearsale and leaseback agreement for its under-construction LNG carrier, Tenergy. The Company chartered back the vessel on a bareboat basis, having a purchase obligation at the end of the ten-year period, and has continuous options to repurchase the vessel at any time following the fifth anniversary of the commencement date. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and recognized the sale proceeds as other financial liabilities.

The annual principal payments of other financial liabilities required to be made after June 30, 2025, are as follows:

Long-term debt and other financial liabilities - Schedule of annual lease liability (Table)

| Period/ Year          |     |   |  Amount |
|:----------------------|:----|:--|--------:|
| July to December 2025 |     | $ |   4,665 |
| 2026                  |     |   |   9,328 |
| 2027                  |     |   |   9,328 |
| 2028                  |     |   |   9,328 |
| 2029                  |     |   |   9,328 |
|