Torm has won 61% support for an overhaul that would see Oaktree Capital swap ships for shares and a majority stake in the company.
With 39% of its debt traded in the secondary market to hedge funds, there has been suggestions of opposition to the move among those newcomers as Torm seeks full support for the package.
Torm told investors today “some of the lenders have taken reservation of rights regarding a potential default under other provisions".
