TORM closes secondary offering of 6,329,874 Class A shares by Oaktree-owned holder
TRMD•TORM closed a secondary public offering of 6,329,874 Class A shares sold by OCM Njord Holdings, which exited its entire stake. TORM issued no shares and received no proceeds.
1. Holder exits stake
TORM closed a secondary public offering of 6,329,874 Class A common shares sold by OCM Njord Holdings, backed by Oaktree-managed funds. OCM Njord exited its entire Class A share stake following the sale.
2. No proceeds for TORM
TORM did not issue or sell any shares and received no proceeds from the offering. J.P. Morgan Securities acted as sole underwriter.
