Marine Link
Wednesday, November 30, 2022

TORM Arranges Capital Structure Overhaul

Maritime Activity Reports, Inc.

January 20, 2014

Photo: TORM

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
 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week