TORM selling shareholder launches secondary offering of 6,329,874 Class A shares
TRMD•OCM Njord Holdings is offering 6,329,874 TORM Class A shares. TORM is not selling shares and will receive no proceeds.
1. Offering details
OCM Njord Holdings, indirectly owned by Oaktree-managed funds, held about 6% of TORM’s Class A shares before the sale. J.P. Morgan Securities will act as sole underwriter, and the shares are being marketed at a fixed price subject to change.
