International Seaways, Inc. entered into an Equity Distribution Agreement to issue up to $200 million of common stock in at-the-market offerings through four sales agents, terminating a prior $100 million agreement.
Key takeaways
Entered Equity Distribution Agreement on May 11, 2026 with BTIG, B. Riley Securities, Clarksons Securities, and Fearnleys Securities.
Authorizes at-the-market sales of common stock up to $200 million aggregate gross sales price.
Sales agents receive up to 3.0% commission on gross sales price.
No shares sold yet under new agreement; sales may occur on NYSE or other permitted methods.
Terminated prior December 20, 2023 agreement with Evercore and Jefferies; no shares sold under prior agreement.
Filed pursuant to Form S-3 registration statement (File No. 333-292313).