International Seaways’ $100 Million ATM Common Stock Program

Cleary Gottlieb represented International Seaways, Inc. (International Seaways) in establishing a $100 million at-the-market (ATM) common stock program with Evercore Group L.L.C. and Jeffries LLC as sales agents.

Under the ATM program, International Seaways will sell up to $100 million of its common stock, from time to time, on the New York Stock Exchange. The program launched on December 20, 2023.

International Seaways is engaged in the ownership and operation of crude, product, and chemical tankers around the world. International Seaways commenced operations through its predecessor company in 2016 and currently owns and operates a fleet of approximately 75 vessels.