secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2025-08-26T23:59:59+00:00
Accession:  0001104659-25-083086
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465925083086/0001104659-25-083086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465925083086/tm2524342d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-083086

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