International Seaways, Inc. Announces Successful Placement of 5-Year Senior Unsecured Bonds
(NYSE:INSW) 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 Yie
Related Questions
How will the $250 million senior unsecured bond issuance at a 7.125% coupon affect International Seaways' leverage ratios and overall credit profile?
What is the pricing and investor demand outlook for this Nordic‑market issuance compared with recent peer offerings of similar size and maturity?
How will the use of proceeds to refinance the Ocean Yie influence the company's cash flow, operational margins, and potential dividend or buyback policy?