Practice Areas - Restructuring and Insolvency Law Firms and Lawyers
| Deal Date: | 14-07-2015 | Practice Area: | Restructuring and Insolvency |
| Deal Title: | TORM A/S - Debt Restructuring and Recapitalisation | Industry: | Industrial Transportation |
| Description: |
Gorrissen Federspiel assisted TORM A/S (Denmark, shipping), in connection with its comprehensive restructuring, recapitalizing TORMs 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 is a wholly owned subsidiary of certain entities owned by funds managed by Oaktree Capital Management LP.
Transaction value: USD 1.573 billion.
Announcement date: 13 July 2015.
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| Financial Center: | Copenhagen | Value: | 1000.01-5000.00 |
| Advised Party: | Group | Law Firm | Gorrissen Federspiel |
| Denmark | Denmark | ||
| Classification: |
Debt Restructuring |
Lawyer | Rikke Schiott Petersen |
