---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-032809"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2023-03-15T23:59:59+00:00"
generated_at: "2026-06-18T02:09:33.235318+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# International Seaways amends credit facility: prepays $97M, adds $40M revolver, releases 22 vessels

## Summary
- Prepaid $97M of term loans; outstanding term loans now $366.3M.
- Received $40M additional revolving commitments; total revolver commitments $257.4M (undrawn).
- Released vessel mortgages on 22 MR tankers and related guarantors.
- Amendment revises hedging obligations, repayment schedule, and defined terms.

## SEC filing metadata
- accession: 0001104659-23-032809
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2023-03-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679049/000110465923032809/0001104659-23-032809-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465923032809/tm239665d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-032809
- JSON: https://secwatch.observer/filing/0001104659-23-032809.json
- Plain text: https://secwatch.observer/filing/0001104659-23-032809.txt

## Key facts
- Material Agreements
  International Seaways, Inc. amended Amendment to Credit Agreement dated May 20, 2022 with Nordea Bank Abp, New York Branch valued at aggregate outstanding term loans $366.3 million; revolving commitments $257.4 million; additional co (effective 2023-03-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Nordea Bank Abp, New York Branch
  - Value: aggregate outstanding term loans $366.3 million; revolving commitments $257.4 million; additional co
  - Effective: 2023-03-10
  source text: On March 10, 2023, International Seaways, Inc. (the “ Company ”) and certain of its subsidiaries, including International Seaways Operating Corporation (the “ Borrower ”), entered into an amendment (the “ Amendment ”) to that certain credit agreement dated as of May 20, 2022, as amended from time to time, initially comprising $750 million of secured term and revolving debt facilities among the Company, the Borrower, the subsidiary guarantors, Nordea Bank Abp, New York Branch (as administrative agent, collateral agent, security trustee and a lender) and the other lenders thereunder (such agreement, the “ Credit Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679049/000110465923032809/0001104659-23-032809-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.