International Seaways Amends Credit Agreements to Allow Vessel Subsidiary Redomiciliation to Bermuda

Reuters10-11

International Seaways Amends Credit Agreements to Allow Vessel Subsidiary Redomiciliation to Bermuda

International Seaways Inc. and certain subsidiaries have amended their existing credit agreements, including a $500 million revolving credit facility and a $160 million revolving credit facility, with Nordea Bank Abp, New York Branch and other lenders. The amendments, entered into on October 7, 2025, permit the redomiciliation of the borrower and certain subsidiary guarantors from the Marshall Islands and Liberia to Bermuda. The redomiciliations are expected to be completed by the end of the fourth quarter of 2025. No other material changes to the terms of the credit facilities were made. International Seaways estimates legal and administrative expenses of $3 million to $5 million related to this initiative.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Seaways Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-098772), on October 10, 2025, and is solely responsible for the information contained therein.

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The amendments, entered into on October 7, 2025, permit the redomiciliation of the borrower and certain subsidiary guarantors from the Marshall Islands and Liberia to Bermuda. The redomiciliations are expected to be completed by the end of the fourth quarter of 2025. No other material changes to the terms of the credit facilities were made. International Seaways estimates legal and administrative expenses of $3 million to $5 million related to this initiative.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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