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Prospect News home > News index > List of issuers T > Headlines for TORM A/S > News item
Published on 3/2/2012 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

TORM extends temporary agreement with bank group to March 15

By Jennifer Chiou

New York, March 2 - TORM A/S announced that it extended its temporary agreement with its bank group to March 15 from March 1.

As previously reported, the bank group agreed in January to defer repayment installments and grant a covenant standstill until Feb. 15. The deferral and standstill were previously scheduled to expire on Jan. 15.

TORM is a Copenhagen-based carrier of refined oil products and is involved in the dry bulk market.


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