Chairman Flemming Ipsen says the “forbearance from certain lenders” avoids doubt about the company’s financial position while it finalises the complex agreement.
It comes with Torm just days away from the 31 March deadline for the overhaul that is expected to see Oaktree swap ships for a majority shareholding in the Danish company.
Torm has always been confident of sealing the transaction despite reported opposition from some lenders who bought debt in the secondary loan market.
