TORM extends temporary agreement with its bank group
News Release
TORM A/S
March 2, 2012
TORM and the Company’s bank group have extended the deferral of instalments and covenant
standstill announced on 16 February 2012. The agreement is after the extension valid until 15 March
2012. As previously, the agreement is subject to the continued progress of the negotiations towards a
financing solution.
“I am satisfied to have agreed the expected extension with the bank group,” says CFO Roland M.
Andersen.
Contact TORM A/S
Jacob Meldgaard, CEO, tel.: +45 3917 9200
Roland M. Andersen, CFO, tel.: +45 3917 9200
C. Søgaard-Christensen, IR, tel.: +45 3076 1288
Tuborg Havnevej 18
DK-2900 Hellerup, Denmark
Tel.: +45 3917 9200 / Fax: +45 3917 9393
www.torm.com
standstill announced on 16 February 2012. The agreement is after the extension valid until 15 March
2012. As previously, the agreement is subject to the continued progress of the negotiations towards a
financing solution.
“I am satisfied to have agreed the expected extension with the bank group,” says CFO Roland M.
Andersen.
Contact TORM A/S
Jacob Meldgaard, CEO, tel.: +45 3917 9200
Roland M. Andersen, CFO, tel.: +45 3917 9200
C. Søgaard-Christensen, IR, tel.: +45 3076 1288
Tuborg Havnevej 18
DK-2900 Hellerup, Denmark
Tel.: +45 3917 9200 / Fax: +45 3917 9393
www.torm.com