INTERNATIONAL SEAWAYS, INC. : Termination of a Material Definitive Agreement (form 8-K)

Item 1.02 Termination of a Material Definitive Agreement.

On November 17, 2022, the previously disclosed secured Term Loan Facility dated September 30, 2021 by and among International Seaways, Inc. (as parent guarantor), Seaways Shipping II Corporation, a wholly-owned subsidiary of INSW (as guarantor), and three subsidiaries of Seaways Shipping II Corporation (as joint and several borrowers), for a $20 million term loan facility with Macquarie Bank Limited, London Branch, as lender, arranger, facility agent and security agent, which had an outstanding balance of $17.75 million, was repaid in full and terminated in accordance with its terms.

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