All of Torm's lenders have agreed to extend the carrier's current working capital facility by another six months, so that the facility runs until March 31st 2015, says Torm in a brief to the stock exchange.
"The 100 percent consent level representing more than 40 lenders is a strong sign of the support to Torm and the efforts to recapitalize the company. The aim is to reach a long-term solution for the capital structure within the timeframe of this extension," says CEO Jacob Meldgaard in the statement.
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