{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-055092","form_type":"8-K","ticker":"INSW","cik":"0001679049","company_name":"International Seaways, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.544635+00:00","generated_at":"2026-06-03T03:00:17.670933+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"International Seaways refinances credit facility: new $500M RCF maturing 2030","bullets":["Replaced $750M credit facility with new $500M revolving credit facility maturing Jan 31, 2030.","At closing, $94.6M was drawn, leaving $405.4M undrawn revolver capacity.","Interest rate is term SOFR + 185 bps, with sustainability-linked adjustments up to ±5 bps.","Covenants include minimum liquidity of $50M or 5% of total debt, max leverage 0.60:1, and collateral value ≥135% of drawn amount.","Facility secured by certain vessels and their earnings; quarterly reductions based on 20-year age-adjusted vessel profile."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-055092","json":"https://secwatch.observer/filing/0001104659-24-055092.json","markdown":"https://secwatch.observer/filing/0001104659-24-055092.md","text":"https://secwatch.observer/filing/0001104659-24-055092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679049/000110465924055092/0001104659-24-055092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679049/000110465924055092/tm249131071_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:00:17.670933+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":"48471ddd78be65c4375eaa3910d9070d95ed6aed","claim":"International Seaways, Inc. amended revolving credit of $500 million with Nordea Bank Abp, New York Branch at term SOFR+185bps maturing January 31, 2030.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465924055092/0001104659-24-055092-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"Nordea Bank Abp, New York Branch"},{"label":"Rate","value":"term SOFR+185bps"},{"label":"Maturity","value":"January 31, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"fae834ffe000aaf2d66a675c09843b0422dbc575","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679049/000110465924055092/0001104659-24-055092-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Nordea Bank Abp, New York Branch"},{"label":"Value","value":"$500 million revolving credit facility, maturing January 31, 2030"},{"label":"Effective","value":"2024-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}