secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001104659-25-028281
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INSW subsidiaries join $500M RCF as guarantors, pledge two MR tankers as replacement collateral
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- Alpha Seaways MR Tanker Corp. and Delta Seaways MR Tanker Corp. became subsidiary guarantors under the $500M credit facility.
- Each pledged one MR tanker (Seaways Wheat, Seaways Watch Hill) as collateral; both built 2015.
- Vessels replace a collateral vessel sold in Q1 2025, maintaining security for the RCF.
- Joinder executed March 21, 2025; amendment to Credit Agreement dated May 20, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465925028281/0001104659-25-028281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465925028281/tm2510154d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-028281

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