International Seaways Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
UNITED STATES
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Securities registered pursuant to Section 12(b) of the Act:
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Section 8 – Other Events
Item 8.01 | Other Events. |
On September 9, 2025, International Seaways, Inc. (the “Company”) announced the pricing of its offering of $250.0 million aggregate principal amount of senior unsecured bonds, due to mature in September 2030 (the “2030 Bonds”). The 2030 Bonds will bear interest at a rate of 7.125% per year, and are expected to be issued on September 23, 2025. The 2030 Bonds will be issued at par.
The Company expects to use the net proceeds from this offering to finance the repurchase of six VLCCs pursuant to the terms of an existing lease financing arrangement (for which the Company has tendered irrevocable notice of its intention to exercise purchase options in November 2025) and for general corporate purposes.
A copy of the press release issued by the Company on September 9, 2025 announcing the pricing of the offering is attached hereto as Exhibit 99.1.
The 2030 Bonds were offered outside the United States in reliance on Regulation S under the Securities Act of 1933 (the “Securities Act”) and in the United States and its territories only to persons reasonably believed to be qualified institutional buyers as defined under Rule 144A under the Securities Act. The 2030 Bonds have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Section 9 – Financial Statements and Exhibits
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Pursuant to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K.
Exhibit No. | Description |
99.1 | Press Release dated September 9, 2025. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: September 9, 2025 | By | /s/ James D. Small III | |
Name: | James D. Small III | ||
Title: | Chief Administrative Officer, Senior Vice President, Secretary and General Counsel |
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release dated September 9, 2025. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |