International Seaways made official its plans to raise additional debt as part of its acquisition of six VLCCs from Gener8 Maritime.
The tanker owner filed with US securities regulators to offer unsecured notes maturing in 2023.
The size of the offering was not listed on the prospectus. But as TradeWinds reported, International Seaways told its creditors that it wants to raise about $49m, net of fees, in subordinated debt as part of the $434m transaction.
