Item 1.01 Entry Into a Material Definitive Agreement.

As of October 21, 2021, a subsidiary of International Seaways, Inc. (the "Company") (Diamond S Shipping Inc., or the "Borrower") entered into (1) a technical amendment to a credit agreement dated as of March 27, 2019, as amended from time to time, comprising $360 million of secured debt facilities, with Nordea Bank ABP, New York Branch, as administrative agent thereunder, and (2) a technical amendment to a credit agreement dated as of December 23, 2019, as amended from time to time, comprising $525 million of secured debt facilities, with Nordea Bank ABP, New York Branch, as administrative agent thereunder. The amendments correct an administrative error and omission in each credit agreement in respect of appraisal reporting requirements. The description of the amendments set forth in this Item 1.01 is qualified in its entirety by reference to the full text of the amendments, a copy of each of which is filed as an exhibit to this Current Report on Form 8-K and which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits

Pursuant to General Instruction B.2 of Form 8-K, the following exhibit is furnished with this Form 8-K.





Exhibit No. Description

  10.1        Technical Amendment to Credit Agreement dated as of March 27, 2019,
            as amended.

  10.2        Technical Amendment to Credit Agreement dated as of December 23,
            2019, as amended.

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            Document).

© Edgar Online, source Glimpses