Torm today announced an agreement has been reached with some lenders and Oaktree to restructure.
Christian Sogaard-Christensen, Torm’s head of investor relations, explained: “It is not over yet but we are moving in the right direction.”
He says an agreement is now in place with Oaktree, banks and certain lenders with full documentation in place, however, all involved parties will need to sign the documents in the coming weeks.
Torm
