International Seaways Refreshes Collateral on $500 Million Credit Facility

Renewing the collateral structure under its $500 million revolving credit facility, International Seaways (INSW) signed an accession agreement with the lending syndicate's representative, Nordea Bank New York branch. With the protocol added to the 2022 master credit agreement, new collateral was provided to the lending syndicate.

What does the new tanker agreement cover?

The agreement was signed on October 19, 2026 by the company's subsidiary, Liberty Tanker Company LLC. Under the specified terms, the subsidiary was included as a guarantor in the $500 million credit agreement and pledged 1 VLCC-class giant crude oil tanker it owns as collateral for the debt. The tanker in question was reported to be a replacement vessel replacing the previous collateral vessel whose sale the company completed and announced in the 3rd quarter of 2026.

How were stock and volume data affected?

The collateral update on the financing side was met with buying in the stock market. Shares of International Seaways, traded on the New York stock exchange, rose 2.18% following the announcement to $110.78. Daily trading volume stood at 904,765 shares. Testing a low of $75.96 and a high of $125.04 over the last 52 weeks, the stock settled at the 71% level of its annual range at its current price.

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