International Seaways completes acquisition of six MR product carriers for ~$232M

International Seaways, Inc.

Aggregate consideration of ~$232M, payable 85% cash and 15% common stock.
Last vessel acquired May 30, 2024, for cash and 93,883 shares to Wayzata Opportunities Fund III.
Shares issued via private placement under Section 4(a)(2); later registered on Form S-3.
Fleet includes two 2014-built and four 2015-built MR product carriers.
All six vessels expected to be delivered by end of Q2 2024 (now completed).

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