Torm closes $386m partial refi and newbuild facility

In:

Transport

Region:

Europe

By Aife Howse

Denmark-based oil shipper Torm, a subsidiary of Oaktree Capital, has closed a $386 million facility comprising part refinancing of a $177 million loan signed in 2015, and part add-on to finance delivery of a newbuild tanker.Signed on 6 February, the deal consists of three tranches: a $260 million...

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