International Seaways Announces Closing of New $500 Million Term Loan and $50 Million Revolving Credit Facility
International Seaways, Inc. (INSW)
Last international seaways, inc. earnings: 3/3 06:00 am
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US:NASDAQ Investor Relations:
intlseas.com/corporateprofile
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Source: Business Wire
Successful Refinancing Significantly Extends Maturities, Provides Additional Borrowing Capacity and Enhances Financial Flexibility for Fleet Growth 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 it has closed on a new $500 million Term Loan and $50 million Revolving Credit Facility. Proceeds from the Term Loan will be used to refinance the $458 million outstanding balance of the Company's existing Term Loan, and for general corporate purposes, including fleet renewal and growth. The revolver is currently undrawn. The Term Loan, which contains an accordion feature whereby the loan may be increased up to an additional $50 million subject to certain conditions, will carry an interest rate of
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- International Seaways, Inc. (NYSE: INSW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
INSW
Earnings
- 2/29/24 - Beat
INSW
Sec Filings
- 4/22/24 - Form SC
- 4/19/24 - Form 8-K
- 4/19/24 - Form DEFA14A
- INSW's page on the SEC website