International Seaways enters $200M ATM equity program, terminates prior $100M facility

International Seaways, Inc.

• New Equity Distribution Agreement with BTIG, B. Riley, Clarksons, Fearnleys to sell up to $200M of common stock.
• Sales agents receive up to 3.0% commission on shares sold; Company has no obligation to sell any shares.
• Prior $100M ATM program with Evercore and Jefferies terminated; no shares were ever sold under that program.
• Proceeds from any future sales will be used for general corporate purposes as described in the prospectus supplement.

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