International Seaways Inc. has announced the issuance of $250 million aggregate principal amount of 7.125% senior unsecured bonds due 2030. The bonds were issued at a price of 100% of par and will mature on September 23, 2030. Interest will be paid semi-annually in arrears on March 23 and September 23 each year, starting March 23, 2026. The bonds are senior unsecured obligations, with a denomination of $125,000, and an application will be made to list them on the Oslo Stock Exchange. Proceeds from the offering will be used to finance the repurchase of six VLCCs under an existing lease financing arrangement and for general corporate purposes. The bonds include customary financial covenants and were offered outside the United States under Regulation S and in the U.S. to qualified institutional buyers under Rule 144A.