International Seaways to redomicile vessel-owning entities to Bermuda by Q4 2025

International Seaways, Inc.

Amendments to $500M and $160M credit facilities permit borrower and guarantors to redomicile from Marshall Islands/Liberia to Bermuda.
Redomiciliation expected by end of Q4 2025; parent company remains organized in Marshall Islands.
Estimated aggregate legal and administrative costs of $3-5 million for the initiative.
Purpose: maximize future strategic flexibility while maintaining operational and tax efficiency.

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