Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 14-07-2015 | Practice Area: | Equity Capital Markets |
| Deal Title: | TORM A/S - Issuance and Admission to Trading of New Shares | Industry: | Industrial Transportation |
| Description: |
Gorrissen Federspiel assisted TORM A/S (Denmark, shipping) in connection with its admission to trading and official listing on Nasdaq Copenhagen of new shares issued in connection with a comprehensive restructuring, recapitalizing TORM's balance sheet by way of a lender debt write-down and conversion of debt to equity, and through a contribution of a fleet of 25 on-the-water and six newbuilding product tankers by OCM Njord Holdings S.a.r.l. (Luxembourg, shipping) which was a wholly owned subsidiary of cer-tain entities owned by funds managed by Oaktree Capital Management LP.
Transaction value of restructuring and combination with Oaktree: USD 1.573 billion
Announcement date: July 2015.
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| Financial Center: | Copenhagen | Value: | 0.00-0.00 |
| Advised Party: | Issuer | Law Firm | Gorrissen Federspiel |
| Issuer Jurisdiction - | Denmark | Listing Jurisdiction - | Denmark |
| Classification: |
Secondary Offerings and Placings |
Lawyer | Rikke Schiott Petersen |
