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Torm secures dispensation from lenders

Torm has received a dispensation from its lenders so that the work toward ensuring a long term capital structure agreement can continue.

Shipping company Torm states that it has received a dispensation from its lenders, and that this means the work toward ensuring a long term capital structure can continue.

"Torm remains in constructive dialog concerning a longer term capital structure with established as well as new lenders, and these are expected to continue to support the company in this process," says Torm in a brief statement.

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