International Seaways Announces Closing of Credit Facility by Its FSO Joint Ventures
International Seaways, Inc. (INSW)
Last international seaways, inc. earnings: 3/3 06:00 am
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Source: Business Wire
International Seaways Receives Proceeds of $110 Million Term Loan Based on its 50% Ownership in the FSO Joint Ventures NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today announced that its joint ventures with Euronav NV, which own the FSO Africa and FSO Asia floating storage and offloading service vessels, have closed on a $220 million credit facility. Based on INSW’s 50% ownership in the joint ventures, the Company has received $110 million in proceeds from the drawdown of the facility, which it expects to use for general corporate purposes, including to partially fund the previously announced VLCC acquisition. “With the $110 million term loan, International Seaways has further enhanced our fi
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INSW
Earnings
- 5/8/24 - Beat
INSW
Sec Filings
- 5/8/24 - Form 8-K
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- INSW's page on the SEC website