Financing ·
International Seaways subsidiary pledges VLCC tanker as collateral for $500M credit facility
INSWInternational Seaways, Inc.
A subsidiary of International Seaways, Inc. entered into a joinder agreement to become a guarantor under the company's existing $500 Million Revolving Credit Facility. As part of this arrangement, the subsidiary pledged one Very Large Crude Carrier (VLCC) tanker as collateral. This vessel serves as a substitution for another collateral vessel that was previously sold in the third quarter of 2026. The agreement binds the subsidiary to the terms of the credit facility and related loan documents administered by Nordea Bank Abp, New York Branch. International Seaways operates as an independent owner and operator of crude oil tankers.