Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 38

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 38
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MENTS (UNAUDITED) JUNE 30, 2025 AND 2024 (Expressed in thousands of U.S. Dollars, except for share and per share data, unless otherwise stated)

7. Long-term debt and other financial liabilities

Long-term debt

Long-term debt (Table)

| Facility                                                          |     |   | June 30, 2025 |     |   | December 31, 2024 |
|:------------------------------------------------------------------|:----|:--|--------------:|:----|:--|------------------:|
| Loans                                                             |     | $ |     1,683,624 |     | $ |         1,605,654 |
| Less: Deferred finance costs, net                                 |     |   |        -8,019 |     |   |            -8,495 |
| Total long-term debt                                              |     |   |     1,675,605 |     |   |         1,597,159 |
| Less: Current portion of debt                                     |     |   |      -199,242 |     |   |          -245,475 |
| Add: Deferred finance costs, current portion                      |     |   |         2,727 |     |   |             2,739 |
| Long-term debt, net of current portion and deferred finance costs |     | $ |     1,479,090 |     | $ |         1,354,423 |

Loan balances outstanding at June 30, 2025, amounted to $ 1,683,624. These bank loans are payable in U.S. Dollars in semi-annualinstallments, with balloon payments due at maturity between November 2025 and September 2033. Interest rates on the outstanding loans as at June 30, 2025, are based on Secured Overnight Financing Rate (“SOFR”) plus a spread.

On April 2, 2025, the Company signed a new one-yearloan extension on the existing loan agreement reaching maturity, relating to the refinancing of the handysize tankers, Byzantionand Bosporos. The loan is repayable in threesemi-annualinstallments of $ 1,365.

On April 14, 2025, the Company signed a four-yearloan agreement amounting to $ 114,067relating to the refinancing of the DP2 shuttle tankers, Portoand Lisboa. On April 16, 2025, the Company drew down the