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. incurred credit facility of up to $239.7 million term loan facility and up to $91.9 million revolving credit facility with DNB Bank ASA, New York Branch, as facility agent; K-SURE agent, security agent and hedge counterparty; DNB Capital LLC, as lender; and DNB Markets, Inc., as arranger at Term SOFR plus margin of 1.10% per annum for K-SURE covered tranche and 1.45% pe maturing 12-year term loan facility with 20-year amortization profile; each K-SURE covered tranche repaid in 24 equal consecutive semi-annual instalments.
- Instrument
- credit facility
- Principal
- up to $239.7 million term loan facility and up to $91.9 million revolving credit facility
- Counterparty
- DNB Bank ASA, New York Branch, as facility agent; K-SURE agent, security agent and hedge counterparty; DNB Capital LLC, as lender; and DNB Markets, Inc., as arranger
- Rate
- Term SOFR plus margin of 1.10% per annum for K-SURE covered tranche and 1.45% pe
- Maturity
- 12-year term loan facility with 20-year amortization profile; each K-SURE covered tranche repaid in 24 equal consecutive semi-annual instalments
- Event
- incurrence
Exact text from the filing
agent and hedge counterparty; DNB Capital LLC, as lender; and DNB Markets, Inc., as arranger. The ECA Credit Facility consists of (1) a 12-year term loan facility of up to $239.7 million (the “ Term Loan Facility ”) and (2) a revolving credit facility of up to $91.9 million (the “ Revolving Facility ” and, together with the Term Loan Facility, the “ Facilities
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