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Torm has lender support from 92 percent of lenders

Torm has reached more than 90 percent consent for a new restructuring agreement. The carrier's management is confident in the support from more or less all of its lenders, according to a stock market announcement Monday.

BY OLE ANDERSEN
Published:

The majority of lenders in Torm, or 92 percent of the carrier's existing loan facilities, have now shown support for the new restructuring agreement. Torm informs of this in a stock market announcement Monday, and management is confident of support from more or less all of its lenders.

Torm has already secured the necessary consent, but full support from all lenders would make it possible to activate the plan quickly:

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