On March 27, 2026, International Seaways, Inc. announced that an indirect wholly-owned subsidiary has entered into a joinder agreement to its existing $500 million revolving credit facility (RCF). This agreement, which modifies the original credit agreement dated May 22, 2022, allows the subsidiary to be bound as a guarantor under the facility and includes the pledge of a VLCC tanker as collateral. The vessel will replace previously sold assets in the collateral pool. This move is expected to enhance the company's liquidity position and provide additional financial flexibility as it continues to navigate the maritime industry’s challenges. The joinder agreement reflects the company's ongoing commitment to maintaining robust financial health and operational efficiency. The full text of the agreement is available in the filing, providing further details on the terms and conditions of the credit facility.
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