TORM plc Announces Pricing of USD 200m Senior Unsecured Bond
TORM plc has today successfully priced USD 200m of senior unsecured bonds due 25 January 2029 (the “Bonds”). The Bonds will carry a fixed coupon of 8.25%, payable semi-annually. With reference to company announcement no. 22 from 09 November 2023 regarding acquisition of the eight LR2 product tanker vessels (the “Acquisition”), the net proceeds from the bond issue will be used to part finance five of the eight vessels, including full repayment of a bridge facility potentially partly drawn in connection with the Acquisition, and for general corporate purposes. An application will be made for