International Seaways to prepay $100 million of 2017 term loan

By Sarah Lizee

Olympia, Wash., Oct. 8 – International Seaways, Inc. is prepaying $100 million of the outstanding balance of its 2017 term loan facility, according to a press release.

The company will pay a 1% prepayment fee and use cash set aside from the proceeds of vessel sales and a portion of the proceeds from the previously announced $123 million sale of its 49.9% stake in its LNG joint venture for the prepayment.

International Seaways is a New York City-based oil and petroleum shipping company.

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