International Seaways filings document a Marshall Islands tanker company with common stock and common stock purchase rights listed on the New York Stock Exchange. The company's 8-K reports furnish earnings releases and Regulation FD materials, and they record fleet transactions, ownership of Tankers International, credit-agreement activity and other material agreements.
Proxy materials cover annual meeting matters including director elections, auditor ratification, advisory executive compensation votes and ratification of the company's rights agreement. The filing record also addresses capital structure, shareholder rights, revolving credit facilities, listed securities and governance matters tied to the crude tanker and product carrier business.
International Seaways, Inc. filed a Form D reporting a Regulation D, Rule 506(b) offering of debt securities that raised $23,750,000, with all offered securities sold (total remaining to be sold: $0). The offering lists a first sale date of 2025-09-23 and was conducted with solicitation outside the U.S. and in three U.S. states: Connecticut, Massachusetts, and New York. The issuer identifies its jurisdiction as the Marshall Islands and its principal place of business at 600 Third Avenue, New York, NY. The filing shows four investors participated, a reported minimum outside investment of $125,000, and estimated sales commissions of $435,000. The issuer indicates the offering is not tied to a business combination and is intended to last less than one year.
International Seaways, Inc. has issued $250 million of 7.125% senior unsecured bonds due September 23, 2030, at an issue price of 100%. These 2030 Bonds pay interest semi-annually each March 23 and September 23, starting March 23, 2026, and rank equally with the company’s other senior unsecured debt.
The bonds carry financial covenants, including minimum free liquidity of the greater of $50 million or 5% of total indebtedness, a maximum net debt to total capitalization ratio of 0.65:1.00, and requirements that current assets exceed current liabilities. They also restrict certain distributions, mergers, consolidations and major asset transfers.
If there is a change of control or delisting, holders can require the company to repurchase the bonds at 101% of principal plus accrued interest. The bonds include various optional redemption features, including a tax-related call at 100%, a make-whole call through March 2028, and step-down call prices thereafter to par by March 2030. Net proceeds will be used to finance the repurchase of six VLCCs under an existing lease financing arrangement in November 2025 and for general corporate purposes.
Jeffrey Pribor, SVP & CFO of International Seaways, Inc. (INSW), reported option exercise activity on 09/24/2025. He exercised 17,442 stock options with an exercise price of $19.13 using a net share settlement, and 12,249 shares were withheld by the issuer to satisfy the aggregate exercise price and related withholding taxes. After these transactions Mr. Pribor beneficially owned 68,695 shares. The exercised options were fully vested and had an original exercisable date of 03/29/2020 with an expiration of 03/29/2027.
Insider sale by CEO/Director reported. Lois K. Zabrocky, President & CEO and director of International Seaways, Inc. (INSW), reported the disposition of 2,000 shares of the company's common stock on 09/15/2025 under a Rule 10b5-1 trading plan adopted March 14, 2025. The shares were sold in multiple trades at prices between $48.52 and $49.30, with a weighted average sale price of $49.0793, and the filing lists 188,771 shares beneficially owned following the sale. The Form 4 was signed by an attorney-in-fact on 09/16/2025. No other transactions or derivative positions are reported in this filing.
Jeffrey Pribor, SVP & CFO of International Seaways, Inc. (INSW), reported a sale of 1,000 shares of the company's common stock on 09/15/2025 at a price of $48.27 per share. The Form 4 states the sale was effected pursuant to a Rule 10b5-1 trading plan established May 23, 2025. After the transaction Pribor beneficially owned 63,502 shares.
The filing is signed by an attorney-in-fact on behalf of Pribor and discloses the transaction code as S (sale). This is a routine insider sale documented under a pre-existing trading plan; no options, derivatives, or other compensatory transactions are reported on this Form 4.
International Seaways, Inc. (INSW) submitted a Form 144 notifying the proposed sale of 1,000 common shares by an insider through Morgan Stanley Smith Barney LLC on or about 09/15/2025. The filing shows the shares were acquired as Restricted Stock Units on 02/29/2024 from the issuer, with acquisition and payment recorded the same day. The filing also discloses a prior 10b5-1 sale of 1,000 shares on 08/22/2025 that generated $44,690. The 1,000-share sale represents approximately 0.002% of the reported 49,366,276 shares outstanding.
International Seaways, Inc. (INSW) - Rule 144 notice for proposed sale of securities
An insider filing reports the proposed sale of 2,000 common shares through Morgan Stanley Smith Barney on the NYSE with an aggregate market value of $94,220 and an approximate sale date of 09/15/2025. The shares were originally acquired as Restricted Stock Units on 11/30/2016 and the filing indicates prior 10b5-1 plan sales: three separate 2,000-share sales on 06/16/2025, 07/15/2025 and 08/15/2025 generating gross proceeds of $77,483.20, $77,237.00 and $83,169.40 respectively. The filer certifies no undisclosed material adverse information and references Rule 10b5-1 trading plan representations.
International Seaways, Inc. priced an offering of $250.0 million aggregate principal amount of senior unsecured bonds due September 2030, bearing interest at 7.125% per year and issued at par, with issuance expected on September 23, 2025.
The company plans to use the net proceeds to finance the repurchase of six VLCCs under an existing lease financing arrangement, where it has already given irrevocable notice to exercise purchase options in November 2025, and for general corporate purposes. The bonds are being offered under Regulation S and Rule 144A and are not registered under the Securities Act, limiting resale in the United States to transactions with appropriate exemptions.
International Seaways, Inc. filed a current report to share a communications update rather than a financial or transactional event. On September 2, 2025, the company issued a press release announcing that it will hold an upcoming series of meetings with fixed-income investors. The disclosure is made under Regulation FD, which is meant to ensure that important information is shared broadly with the market, not just with selected investors.
The report clarifies that the information, including the press release attached as Exhibit 99.1, is being furnished and is not considered filed for liability purposes under certain securities laws. No new financial results, financing transactions, or operational changes are described in this report; it primarily documents the company’s plan to engage with the bond and credit investor community.
International Seaways, Inc. entered into a new export credit agency-backed financing package to help fund six LR1 product tanker newbuildings under construction in Korea. The agreement provides a 12-year term loan facility of up to $239.7 million and a revolving credit facility of up to $91.9 million, secured by first liens on the owning subsidiaries, the vessels upon delivery, and related earnings and insurance. Portions of the term loans are insured by Korea Trade Insurance Corporation, with K-SURE covered tranches repaid in 24 equal semi-annual instalments starting six months after drawdown. Interest is based on Term SOFR plus a margin of 1.10% per year on K-SURE covered tranches and 1.45% on commercial tranches. The facility includes financial covenants requiring minimum liquidity of at least the greater of $50 million and 5% of consolidated indebtedness, a maximum leverage ratio of 0.65 to 1.00, and current assets to exceed current liabilities.