MAY 12·Stock Titan→
International Seaways (NYSE: INSW) launches $200M ATM equity program
International Seaways (NYSE: INSW) has filed a prospectus supplement to offer common shares with a maximum aggregate offering price of $200 million through an At-The-Market (ATM) equity program. The shares will be sold from time to time via sales agents like BTIG, B. Riley, Clarksons Securities, and Fearnley Securities, with commissions up to 3.0%. The net proceeds are designated for general corporate purposes, including working capital, debt repayment, capital expenditures, and acquisitions.
MAY 12·Stock Titan→
[8-K] International Seaways, Inc. Reports Material Event
International Seaways, Inc. has entered into a new Equity Distribution Agreement with several sales agents, allowing it to sell up to $200,000,000 of common stock through "at the market" offerings. This new agreement replaces a previous $100,000,000 program, which was terminated without any shares being sold. The company will pay a commission of up to 3.0% on gross sales, has no obligation to sell shares, and can terminate the program at any time.