Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
International Seaways, Inc. incurred revolving credit of $160 million with Nordea Bank Abp, New York Branch at Term SOFR plus 1.90% maturing March 27, 2029.
- Instrument
- revolving credit
- Principal
- $160 million
- Counterparty
- Nordea Bank Abp, New York Branch
- Rate
- Term SOFR plus 1.90%
- Maturity
- March 27, 2029
- Event
- incurrence
Exact text from the filing
ith Nordea Bank Abp, New York Branch (“ Nordea ”), ING Bank N.V., London Branch (“ ING ”),
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
International Seaways, Inc. entered into Revolving Credit Agreement with Nordea Bank Abp, New York Branch, ING Bank N.V., London Branch, Crédit Agricole Corporate & Investment Bank, DNB Markets Inc., Danish Ship Finance A/S, Skandinaviska Enskilda Banken AB (PUBL) valued at $160 million (effective 2023-09-27).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Nordea Bank Abp, New York Branch, ING Bank N.V., London Branch, Crédit Agricole Corporate & Investment Bank, DNB Markets Inc., Danish Ship Finance A/S, Skandinaviska Enskilda Banken AB (PUBL)
- Value
- $160 million
- Effective
- 2023-09-27
Exact text from the filing
On September 27, 2023, International Seaways, Inc. (the “ Company ”), International Seaways Operating Corporation (the “ Borrower ”) and certain of their subsidiaries entered into a $160 million revolving credit agreement (the “ Revolving Credit Agreement ”) with Nordea Bank Abp, New York Branch (“ Nordea ”), ING Bank N.V., London Branch (“ ING ”), Crédit Agricole Corporate & Investment Bank, and DNB Markets Inc. (or their respective affiliates), as mandated lead arrangers and bookrunners; and Danish Ship Finance A/S and Skandinaviska Enskilda Banken AB (PUBL) (or their respective affiliates), as lead arrangers.
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