International Seaways Launches $200 Million ATM Program With BTIG, B. Riley, Clarksons, Fearnleys
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International Seaways has launched a new at-the-market (ATM) equity offering program of up to $200 million through BTIG, B. Riley Securities, Clarksons Securities, and Fearnleys Securities, with agent commissions of up to 3.0%. The company has terminated its previous $100 million ATM program with Evercore Group and Jefferies, which had no shares sold. This new program enhances the company's equity financing flexibility, allowing for sales on the NYSE or other methods, and can be suspended or terminated at any time.
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