International Seaways sets up $200 million at-the-market share sale program
International Seaways entered into an equity distribution agreement allowing it to sell up to $200 million of common stock through four sales agents over time. The company says it has not sold any shares under the agreement yet, and it replaces a prior $100 million program that was terminated without any sales.
Key points
- Aggregate gross sales price of up to $200,000,000 in at-the-market offerings
- Sales agents are BTIG, B. Riley Securities, Clarksons Securities and Fearnleys Securities; each receives commissions of up to 3.0% of gross sales price
- No shares sold as of the filing date; the company may suspend or terminate the agreement at any time
- Prior $100,000,000 program with Evercore and Jefferies, dated December 20, 2023, was terminated effective May 11, 2026
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 May 11, 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.