International Seaways Enters Material Definitive Agreement
Ticker: INSW · Form: 8-K · Filed: Oct 10, 2025 · CIK: 1679049
Sentiment: neutral
Topics: material-definitive-agreement, other-events, water-transportation
Related Tickers: INSW
TL;DR
INSW signed a big deal, filing shows. Could be good.
AI Summary
International Seaways, Inc. entered into a material definitive agreement on October 7, 2025. The company also reported other events on the same date. The filing was made on October 10, 2025, and pertains to the water transportation industry.
Why It Matters
This filing indicates a significant new contract or transaction for International Seaways, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- International Seaways, Inc. (company) — Filer of the 8-K report
- October 7, 2025 (date) — Date of the material definitive agreement and other events
- October 10, 2025 (date) — Date the 8-K report was filed
FAQ
What type of material definitive agreement did International Seaways, Inc. enter into?
The filing states that International Seaways, Inc. entered into a 'Material Definitive Agreement' but does not specify the nature of the agreement in the provided text.
What were the 'Other Events' reported by International Seaways, Inc. on October 7, 2025?
The filing indicates 'Other Events' were reported on October 7, 2025, but the specific details of these events are not included in the provided text.
What is the SIC code for International Seaways, Inc.?
The Standard Industrial Classification (SIC) code for International Seaways, Inc. is 4400, which corresponds to Water Transportation.
When was International Seaways, Inc. formerly known as OSG International, INC?
The company formerly known as OSG International, INC changed its name to International Seaways, Inc. on July 7, 2016.
What is the SEC file number for International Seaways, Inc.?
The SEC file number for International Seaways, Inc. is 001-37836.
Filing Stats: 796 words · 3 min read · ~3 pages · Grade level 14.1 · Accepted 2025-10-10 17:01:05
Key Financial Figures
- $500 Million — further amended and/or restated, the " $500 Million RCF ") among the Company, International
- $160 million — lenders thereunder and (2) that certain $160 million revolving credit agreement dated as of
- $160 Million — t dated as of September 27, 2023 (the " $160 Million RCF " and together with the $500 Millio
Filing Documents
- tm2528468d1_8k.htm (8-K) — 33KB
- 0001104659-25-098772.txt ( ) — 241KB
- insw-20251007.xsd (EX-101.SCH) — 3KB
- insw-20251007_def.xml (EX-101.DEF) — 26KB
- insw-20251007_lab.xml (EX-101.LAB) — 36KB
- insw-20251007_pre.xml (EX-101.PRE) — 25KB
- tm2528468d1_8k_htm.xml (XML) — 5KB
01 Entry Into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement. On October 7, 2025, International Seaways, Inc. (the " Company ") and certain of its subsidiaries, including International Seaways Operating Corporation (the " Borrower "), entered into an amendment (each, an " Amendment " and collectively, the " Amendments ") to each of (1) that certain credit agreement dated as of May 22, 2022 (as amended by the First Amendment to the Credit Agreement, dated as of March 10, 2023, the Second Amendment to the Credit Agreement, dated as of April 26, 2024, and as further amended and/or restated, the " $500 Million RCF ") among the Company, International Seaways Operating Corporation (the " Borrower "), the subsidiary guarantors thereunder, Nordea Bank Abp, New York Branch (as administrative agent, collateral agent, security trustee and a lender) and the other lenders thereunder and (2) that certain $160 million revolving credit agreement dated as of September 27, 2023 (the " $160 Million RCF " and together with the $500 Million RCF, the " Credit Facilities ") among the Company, the Borrower, the subsidiary guarantors thereunder, Nordea Bank Abp, New York Branch (as administrative agent, collateral agent, security trustee and a lender) and the other lenders thereunder. Pursuant to the Amendments, the Borrower and certain of subsidiary guarantors originally formed in the Republic of the Marshall Islands or the Republic of Liberia, as applicable, under each of the Credit Facilities will be permitted to redomicile to Bermuda. The contemplated redomiciliations are expected to take place during the fourth quarter of 2025. There were no other material changes to the terms of the Credit Facilities. Section 8 Other Events
01 Other Events
Item 8.01 Other Events. As disclosed in Item 1.01 above, on October 7, 2025, the Company, the Borrower and the subsidiary guarantors under the Credit Facilities entered into Amendments to the Credit Facilities permitting the redomiciliation of the Borrower and the subsidiary guarantors to Bermuda. The Company's intention is to change the domicile of its vessel-owning entities and various intermediate holding companies under International Seaways, Inc. from the Marshall Islands and Liberia to Bermuda. The Company expects the redomiciliation process to be completed by the end of the fourth quarter of 2025. The Company is undertaking these changes to maximize future strategic flexibility while maintaining operational and tax efficiency. The Company itself is remaining organized under the laws of the Republic of the Marshall Islands. The Company estimates incurring expenses of between three and five million dollars in aggregate in legal and administrative costs in connection with this initiative.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INTERNATIONAL SEAWAYS, INC. (Registrant) Date: October 10, 2025 By /s/ James D. Small III Name: James D. Small III Title: Chief Administrative Officer, Senior Vice President, Secretary and General Counsel