Brief: Torm in financing agreement for four newbuildings

Torm

08/07/2016 16:20

July 8 (Reuters) - Danish product tanker company Torm 
 TRMDa.CO  
    * Says has entered into a financing agreement for four 
newbuildings to be delivered in 2017 and 2018 
    * Says the vessels are all in the LR2 class, i.e. of a 
size of approximately 114,000 dwt. 
    * Says the financing agreement for an amount of up to $115 
million has been concluded with The Export-Import Bank of China 
and runs for 12 years. 
    * Says the main conditions of the agreement are in line with 
the company's existing loan agreements 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHUG9nkmSQ 
Further company coverage:  TRMDa.CO  
 
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