International Seaways subsidiary joins $500 million credit facility, pledges VLCC tanker
On March 27, 2026, an indirect subsidiary of International Seaways agreed to become a subsidiary guarantor under its $500 million revolving credit facility and to pledge a VLCC tanker as collateral. The vessel replaces assets previously sold or released from the facility's collateral pool. The filing is an administrative amendment to existing debt terms and does not disclose new borrowing amounts.
Key points
- Agreement dated March 27, 2026, a joinder to the $500 Million RCF dated May 22, 2022
- Subsidiary Hendricks Tanker Company LLC agreed to pledge a VLCC tanker as collateral
- The tanker is a Substitution Vessel replacing assets previously sold or released from the collateral pool
- Nordea Bank Abp, New York Branch is administrative agent, collateral agent and security trustee
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 31, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.