{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-105914","form_type":"8-K","ticker":"INSW","cik":"0001679049","company_name":"International Seaways, Inc.","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.035000+00:00","generated_at":"2026-06-10T06:23:18.580444+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"International Seaways enters $160M revolving credit facility; draws $50M initially","bullets":["5.5-year revolving facility matures March 27, 2029; secured by first lien on five vessels.","Interest at Term SOFR + 1.90% margin; sustainability-linked pricing can adjust +/– 0.075%.","Initial draw of $50M for general corporate purposes; $104.3M repaid under prior 2022 Credit Facility.","As of Sept 30, total undrawn revolver capacity ~$367.4M combining new and 2022 facilities.","Financial covenants include min liquidity $50M, max leverage ratio 0.60, and collateral coverage 135%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-105914","json":"https://secwatch.observer/filing/0001104659-23-105914.json","markdown":"https://secwatch.observer/filing/0001104659-23-105914.md","text":"https://secwatch.observer/filing/0001104659-23-105914.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679049/000110465923105914/0001104659-23-105914-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679049/000110465923105914/tm2327425d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:23:18.580444+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"691df0d6251193d26efad2fe2846d28a9d1c7039","claim":"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.","evidence_excerpt":"ith Nordea Bank Abp, New York Branch (“ Nordea ”), ING Bank N.V., London Branch (“ ING ”),","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465923105914/0001104659-23-105914-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$160 million"},{"label":"Counterparty","value":"Nordea Bank Abp, New York Branch"},{"label":"Rate","value":"Term SOFR plus 1.90%"},{"label":"Maturity","value":"March 27, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1b2aa9eb21d965f778d1e4ea9a5ac44e9ff8b05a","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465923105914/0001104659-23-105914-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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)"},{"label":"Value","value":"$160 million"},{"label":"Effective","value":"2023-09-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}