International Seaways, Inc. Announces Successful Placement of 5-Year Senior Unsecured Bonds

Core Viewpoint - International Seaways, Inc. has successfully placed $250 million of new senior unsecured bonds in the Nordic bond market, maturing in September 2030 with a fixed coupon of 7.125% per annum [1][2]. Group 1: Bond Issuance Details - The net proceeds from the bond issue will be used for refinancing the Ocean Yield sale-and-leaseback agreement and for general corporate purposes [2]. - The bonds are intended for qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933 and have not been registered under the U.S. Securities Act [3]. Group 2: Company Overview - International Seaways, Inc. is one of the largest tanker companies globally, providing energy transportation services for crude oil and petroleum products [4]. - The company operates a fleet of 77 vessels, including 12 VLCCs, 13 Suezmaxes, five Aframaxes/LR2s, 11 LR1s, and 36 MR tankers [4].