Christopher Robertson

Omar Nokta

Sherif Elmaghrabi

Liam Burke

Benjamin Nolan

Frank Galanti

- International Seaways, Inc. entered into an **ECA Credit Facility** on **August 20, 2025**, totaling up to **$331.6 million** to partly finance **six LR1 tanker newbuildings**.  **[1679049_0001104659-25-083086_tm2524342d1_8k.htm:1]** 
- The facility comprises a **12-year term loan of up to $239.7 million** and a **revolving credit facility of up to $91.9 million**, with an effective **20-year amortization profile**.  **[1679049_0001104659-25-083086_tm2524342d1_8k.htm:1]** 
- Interest on the facilities will be based on Term SOFR plus a Margin of **1.10% per annum** for K-SURE covered tranches and **1.45% per annum** for the commercial tranche.  **[1679049_0001104659-25-083086_tm2524342d1_8k.htm:1]** 
- Financial covenants include maintaining a minimum liquidity of the greater of **$50 million** and 5% of Consolidated Indebtedness, and ensuring the Maximum Leverage Ratio does not exceed **0.65 to 1.00**.  **[1679049_0001104659-25-083086_tm2524342d1_8k.htm:1]** 
- No amounts have been drawn on the facilities as of **August 20, 2025**, with the first newbuilding delivery expected later in **Q3 2025**.  **[1679049_0001104659-25-083086_tm2524342d1_8k.htm:1]**

International Seaways (INSW)