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. amended revolving credit of $500 million with Nordea Bank Abp, New York Branch at term SOFR+185bps maturing January 31, 2030.
- Instrument
- revolving credit
- Principal
- $500 million
- Counterparty
- Nordea Bank Abp, New York Branch
- Rate
- term SOFR+185bps
- Maturity
- January 31, 2030
- Event
- amendment
Exact text from the filing
amendment, the $750 Million Facility, had a remaining term loan balance of $94.6 million and undrawn revolver capacity of $257.4 million. The amended agreement consists of a $500 million revolving credit facility (the “$500 Million RCF ”) that matures on January 31, 2030. That maturity date is subject to acceleration upon the occurrence of certain events (as
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
International Seaways, Inc. amended $500 Million RCF with Nordea Bank Abp, New York Branch valued at $500 million revolving credit facility, maturing January 31, 2030 (effective 2024-04-26).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Nordea Bank Abp, New York Branch
- Value
- $500 million revolving credit facility, maturing January 31, 2030
- Effective
- 2024-04-26
Exact text from the filing
On April 26, 2024, International Seaways, Inc. (the “ Company ”), International Seaways Operating Corporation (the “ Borrower ”) and certain of their subsidiaries entered into a second amendment that amended and extended that certain credit agreement dated as of May 22, 2022, as amended from time to time (the “ $750 Million Credit Facility ”) with Nordea Bank Abp, New York Branch (“ Nordea ”), BNP Paribas, Crédit Agricole Corporate & Investment Bank (“ CA-CIB ”), DNB Markets Inc., and Skandinaviska Enskilda Banken AB (PUBL) (or their respective affiliates), as mandated lead arrangers and bookrunners; and ING Bank N.V., London Branch and Danish Ship Finance A/S and (or their respective affiliates), as lead arrangers and National Australia Bank Limited as co-arranger.
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