Torm restructuring extends existing debt
Beleaguered Danish shipping firm Torm has restructured its debt, having breached covenants last year, extending the maturity of its existing $1.793bn bank facility until the end of December 2016 and arranging a new $100m working capital facility.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast
