Danish tanker owner Torm has sealed financing of up to $130m with ABN AMRO, Danske Bank, DVB and ING.
Torm is putting up nine MR vessels as collateral for the financing agreement, which matures in March 2022.
Christian Søgaard-Christensen, CFO of Torm, commented: “We are very pleased to continue the close cooperation with Danske Bank and to attract the three new strategic partners ABN AMRO, DVB and ING. With the recent DSF Facility from November, we have in the fourth quarter raised up to USD 160m in debt financing, which strengthens our financial and strategic flexibility.”
Torm says it has cash and available loans amounting to $147m prior to the new deal.
