TORM Arranges Capital Structure Overhaul

MarineLink.com
Monday, January 20, 2014
Photo: TORM

Copenhagen-based tanker and bulk carrier operator TORM said it is carrying out a structured process involving a number of external stakeholders in an effort to address its long-term capital structure.

As the company announced in August 2013, TORM has engaged a financial advisor as part of the initiated process to address the company’s financial structure. TORM reported that this work is now continuing to a stage, where TORM is carrying out a structured process involving a number of external stakeholders to further explore the possibilities for a strategic transaction during 2014.

According to TORM, additional information will be provide if and when there is material progress in this process.

torm.com
 

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