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TORM expects temporary bank agreement to be renewed
15 February 2012
With reference to announcement no. 3 dated 17 January 2012, TORM and the Company’s group of
banks agreed on a temporary deferral of instalments and covenant standstill until 15 February 2012.
TORM expects the temporary agreement with the banks to be renewed shortly.
About TORM
TORM is one of the world’s leading carriers of refined oil products as well as a significant player in the dry bulk market. The Company runs a
fleet of approximately 165 modern vessels in cooperation with other respected shipping companies sharing TORM’s commitment to safety,
environmental responsibility and customer service.
TORM was founded in 1889. The Company conducts business worldwide and is headquartered in Copenhagen, Denmark. TORM’s shares are
listed on NASDAQ OMX Copenhagen (ticker: TORM) and on NASDAQ in New York (ticker: TRMD). For further information, please visit www.torm.com.
TORM, press release
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