secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001104659-24-066683
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924066683/0001104659-24-066683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924066683/tm2415868d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-066683

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer