TORM Announces Secondary Public Offering of Class A Common Shares
TORM plc has announced the pricing of a secondary public offering involving 6,329,874 Class A common shares. The selling shareholder is OCM Njord Holdings S.à r.l., indirectly owned by Oaktree Capital Management GP, LLC and its affiliates. This offering will generate approximately $253.5 million in gross proceeds for the seller but not for TORM itself. The company emphasizes that it is not issuing new shares nor receiving any funds from this transaction. J.P. Morgan Securities LLC serves as the sole underwriter of the offering, which is expected to close on October 7, 2026. The selling shareholder currently holds about 6% of TORM's Class A common stock. The offering will be conducted via a prospectus supplement and base prospectus filed with the SEC. This announcement does not constitute an offer for sale or solicitation in jurisdictions where such actions would be unlawful.
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Topics: public offering stock offering TORM plc