debt
confidence high
sentiment neutral
materiality 0.45
International Seaways prices $250M 7.125% senior unsecured bonds due 2030
International Seaways, Inc.
- $250M aggregate principal at 7.125% per annum, due September 2030; bonds issued at par.
- Net proceeds to repurchase six VLCCs under Ocean Yield lease financing (purchase options exercisable Nov 2025) and for general corporate purposes.
- Bonds to be listed on Oslo Stock Exchange; DNB Carnegie, Nordea, Arctic Securities, SEB as Joint Bookrunners.
- Offered to QIBs under Rule 144A and outside the U.S. under Regulation S; not registered under Securities Act.
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