Torm obtains forbearance from lenders

Torm has received yet another lifeline from its lenders, which have given forbearance to the crisis stricken carrier. This is evident in a corporate statement made in relation to the general assembly, which is taking place now.

Torm has obtained further forbearance from lenders, according to the carrier in a statement sent to the stock exchange.

"The Company has obtained this forbearance from certain lenders to avoid any doubt about TORM's financial position whilst the complex restructuring process is finalized," says Chairman of the carrier, Flemming Ipsen, in the statement.

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