It said on Wednesday that its majority lenders had waived “certain milestone events” of default as it seeks to close a debt deal.
Torm warned in November of a technical breach in a loan facility after it failed to agree to a “restructuring and support agreement” with the co-ordinating committee of lenders by the 20 November deadline.
A waiver on the super senior working capital facility remains in place until March 2015.
Torm
