---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-083086"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2025-08-26T23:59:59+00:00"
generated_at: "2026-05-17T09:57:46.954923+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# International Seaways enters $239.7M term loan and $91.9M revolver for six LR1 tanker newbuilds

## Summary
- Credit facility with DNB Bank ASA composed of $239.7M term loan and $91.9M revolving credit facility.
- Facilities have effective 20-year amortization and are secured by first liens on vessel-owning subsidiaries.
- K-Sure insures ~70% of first four vessels and ~60% of last two, up to aggregate $239.7M.
- Interest margins: 1.10% per annum for K-Sure covered tranches, 1.45% for commercial tranche.
- No amounts drawn yet; first newbuilding delivery expected in late Q3 2025.

## SEC filing metadata
- accession: 0001104659-25-083086
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2025-08-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679049/000110465925083086/0001104659-25-083086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465925083086/tm2524342d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-083086
- JSON: https://secwatch.observer/filing/0001104659-25-083086.json
- Plain text: https://secwatch.observer/filing/0001104659-25-083086.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679049/000110465925083086/0001104659-25-083086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.