On March 21, 2025, two subsidiaries of International Seaways Inc. entered into a joinder agreement to the company's existing $500 million revolving credit facility (RCF). This action formalizes the inclusion of additional entities under the credit agreement.
The expansion of the RCF to include these subsidiaries enhances the company's overall financial flexibility and access to capital. This move supports the company's ongoing operational and strategic initiatives by providing broader internal access to its credit lines.
The $500 million RCF, which matures in January 2030, was established in April 2024 and has been a key component of International Seaways' balance sheet management. This joinder agreement further optimizes its utilization across the organization.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.