Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 229

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 19
Chunk 229
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 1,605,654 The Company fulfilled its requirements in respect of the financial covenants of all of its loan agreements, as at December 31, 2024

The Company’s liquidity requirements relate primarily to servicing its debt, funding the equity portion of investments in vessels and funding working capital.

The annual principal payments, including balloon payments on loan maturity, required to be made after December 31, 2024, are as follows:

Long-term Debt - Principal Payments (Table)

                 Year         Amount  
                 2025        245,475  
                 2026        253,836  
                 2027        383,373  
                 2028        235,675  
                 2029        247,878  
  2030 and thereafter        239,417  
                Total      1,605,654  

Other financial liabilities, net

The amounts in the accompanying consolidated balance sheets are analyzed as follows:

Long - Term Debt and other financial liabilities - Other financial liabilities, net (Table)

                                                                                      December 31, 2024      December 31, 2023  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Other financial liabilities                                                                   151,584                160,912  
  Less: Deferred finance costs, net                                                            ( 1,649)               ( 1,988)  
  Total other financial liabilities, net                                                        149,935                158,924  
  Less: Current portion of other financial liabilities                                         ( 9,328)               ( 9,328)  
  Add: Deferred finance costs, current portion                                                      312                    338  
  Other financial liabilities, net of current portion and deferred finance costs                140,919                149,934  

As of December 31, 2024, the annual principal payments of Other financial liabilities required to be made after December 31, 2024, are as follows:

Long -Term Debt and other financial liabilities - Schedule of annual lease liability (Table)

  Year                      Amount  
  2025                       9,328  
  2026                       9,328  
  2027                       9,328  
  2028                       9,328  
  2029                       9,328  
  2030 and thereafter      104,944  
  Total                    151,584  

7. Interest and Finance Costs, net

Interest and Finance Costs,