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09.09.25 - 22:33
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International Seaways, Inc. Announces Successful Placement of 5-Year Senior Unsecured Bonds (Business Wire)
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NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) announces today that it has successfully placed $250 million of new senior unsecured bonds in the Nordic bond market. The new bonds are due to mature in September 2030 and will pay a fixed coupon of 7.125% per annum, payable semi-annually in arrears. An application will be made for the bonds to be listed on the Oslo Stock Exchange.
The net proceeds from the bond issue are intended to be used for the refinancing of the Ocean Yield sale-and-leaseback agreement and for general corporate purposes.
DNB Carnegie, Nordea Bank Abp, filial i Norge, Arctic Securities AS and Skandinaviska Enskilda Banken AB (publ) Oslofilialen ("SEB") acted as Joint Bookrunners and Credit Agricole Corporate and Investment Bank, Clarksons Securities AS and Fearnleys Securities AS acted as passive Joint Lead Managers in the bond issue.
The senior unsecured bonds are being sold in the United States or its territories only to persons reasonably believed to be ...
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08.09.25 - 23:54
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XFRA: DIVIDEND/INTEREST INFORMATION - 10.09.2025 - MHY410531021 (XETRA)
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Das Instrument IS5 MHY410531021 INTERNATIONAL SEAWAYS INC EQUITY wird cum Dividende/Zinsen gehandelt am 09.09.2025 und ex Dividende/Zinsen am 10.09.2025
The instrument IS5 MHY410531021 INTERNATIONAL SEAWAYS INC EQUITY has its pre-dividend/interest day on 09.09.2025 and its ex-dividend/interest day on 10.09.2025...
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02.09.25 - 23:03
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International Seaways, Inc. Announces Fixed Income Investor Meetings (Business Wire)
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NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW), through its Norwegian investment banks, will arrange a series of fixed income investor meetings commencing September 3, 2025. A five-year USD denominated senior unsecured bond issue may follow, subject to inter alia market conditions.
The net proceeds from the contemplated bond issue are intended to be used for the refinancing of the Ocean Yield and sale-and-leaseback agreement and for general corporate purposes.
The senior unsecured bonds, if issued, will be offered in the United States or its territories only to persons reasonably believed to be qualified institutional buyers as defined under Rule 144A under the Securities Act of 1933, as amended (the “U.S. Securities Act”). The bonds, if issued, will not be 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. This press release shall not co...
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06.08.25 - 12:51
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International Seaways Reports Second Quarter 2025 Results (Business Wire)
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NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the second quarter 2025.
HIGHLIGHTS & RECENT DEVELOPMENTS
Quarterly Results:
Net income for the second quarter of 2025 was $62 million, or $1.25 per diluted share.
Adjusted net income(1), defined as net income excluding special items, for the second quarter of 2025 was $50 million, or $1.02 per diluted share, which excludes a gain on vessel sales in connection with the fleet optimization described below.
Adjusted EBITDA(1) for the second quarter or 2025 was $102 million.
Fleet Optimization Program:
Sold or agreed to sell six vessels with an average age of 17.5 years. Two 2007-built MRs were sold at the end of the second quarter for proceeds of $28 million, net of fees and commissions. The remaining four vessels, three 2008-built MRs and on...
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