1/14/2020 | BK | TORM obtains commitment for $496 million of term, revolving loans
|
12/19/2016 | BK | Torm signs term sheet for up to $130 million of financing due 2022
|
7/13/2015 | BKDD | TORM completes comprehensive restructuring, cuts debt to $561 million
|
7/1/2015 | BKDD | TORM scheme sanctioned by court, restructuring to be complete July 13
|
6/25/2015 | DD | TORM’s proposed scheme of arrangement supported by all lender groups
|
6/9/2015 | BKDD | TORM outlines terms of restructuring deal; completion expected in July
|
5/15/2015 | BKCVDDEMHY | Prospect News reports four new defaults for week of May 7 to May 13
|
5/13/2015 | DD | TORM reports $53 million of EBITDA for first quarter; demand ‘boosted’
|
5/12/2015 | BKDD | TORM initiates scheme process, exceeds minimum required lender support
|
4/20/2015 | DD | TORM obtains restructuring agreement support from majority of lenders
|
3/27/2015 | BKDD | TORM signs restructuring deal; support sought from remaining lenders
|
3/26/2015 | BKDD | TORM gets restructuring support deal, amortization default forbearance
|
1/28/2015 | BKDD | TORM lenders waive default as part of restructuring deal negotiations
|
11/21/2014 | DD | TORM in non-compliance with loan milestones, lacks agreement support
|
10/27/2014 | BKDD | TORM inks deal with lenders, Oaktree regarding possible restructuring
|
9/29/2014 | BKDD | TORM says ship lenders propose deal for restructuring loans
|
8/29/2014 | BKDD | TORM extends working capital loans by six months for recapitalization
|
6/16/2014 | BKDD | TORM secures expected lender waiver for loan covenants as of June 20
|
6/1/2012 | BKDD | TORM expects to renew installment deferral and covenant standstill
|
5/15/2012 | DD | TORM agrees to sell stake in Ugland & TORM Shipowning joint venture
|
5/11/2012 | BKDD | TORM installment deferral and covenant standstill extended to May 31
|
4/13/2012 | BKDD | TORM installment deferral and covenant standstill extended to April 30
|
4/4/2012 | BKDD | TORM reaches agreement in principle on long-term financing solution
|
3/27/2012 | BKDD | TORM negotiating investment proposals from two international groups
|
3/2/2012 | BKDD | TORM extends temporary agreement with bank group to March 15
|
2/17/2012 | BKDD | TORM extends temporary agreement with bank group to March 1
|
2/16/2012 | BKDD | TORM expects to renew temporary agreement with bank group soon
|
1/18/2012 | BKDD | TORM bank group extends deferral, covenant standstill until Feb. 15
|
1/17/2012 | BKDD | TORM expects temporary agreement with bank groups to be extended soon
|
12/5/2011 | BKDD | TORM obtains approval to defer loan repayments and covenants
|
11/17/2011 | BKDD | TORM reviews capital structure, looks to amend, extend bank debt
|