December 21, 2017 / 12:41 PM / 6 months ago

BRIEF-International Seaways Announces Agreement To Acquire Six VLCCs

Dec 21 (Reuters) - International Seaways Inc:

* INTERNATIONAL SEAWAYS ANNOUNCES AGREEMENT TO ACQUIRE SIX VLCCS

* INTERNATIONAL SEAWAYS INC - ‍PURCHASE PRICE FOR SIX-VESSEL ACQUISITION IS $434 MILLION, INCLUSIVE OF ASSUMED DEBT.​

* INTERNATIONAL SEAWAYS INC - ‍IN CONNECTION WITH TRANSACTION, CO TO ASSUME DEBT CURRENTLY SECURED BY ACQUIRED VESSELS​

* INTERNATIONAL SEAWAYS- TO BUY HOLDING COMPANIES FOR 6 300,000 DWT VLCCS FROM EURONAV NV IN CONNECTION WITH EURONAV'S ACQUISITION OF GENER8 MARITIME

* INTERNATIONAL SEAWAYS INC - ‍DEBT CURRENTLY SECURED BY ACQUIRED VESSELS CONSISTS $311 MILLION CREDIT FACILITY​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below