UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Section 8 – Other Events
Item 8.01 Other Events
On November 24, 2020, Overseas Shipholding Group, Inc. (“OSG”) issued a press release announcing that its subsidiaries, OSG 205 LLC and OSG Courageous II LLC, closed on a $49,150,000 loan for a term of 7 years which finances one new 204,000 barrel U.S. Flag oil and chemical ATB barge under construction at Greenbriar Marine shipyard and refinances the tug to which the barge will be paired, the OSG Courageous. The lender received a collateral assignment of the vessel construction contract, and upon delivery of the barge, will hold a perfected first priority security interest and preferred ship mortgage. The lender also holds a perfected first priority security interest and preferred ship mortgage against the tug. The loan is guaranteed by OSG.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release, dated November 24, 2020. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, OSG has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OVERSEAS SHIPHOLDING GROUP, INC. | ||
| (Registrant) | ||
| Date: November 24, 2020 | By: | /s/ Richard Trueblood |
| Richard Trueblood | ||
| Vice President and Chief Financial Officer | ||
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release, dated November 24, 2020. |