March 16 (Reuters) - Torm PLC:
* OBTAINS COMMITMENT FOR REFINANCING OF USD 433M BANK AND LEASING AGREEMENTS WITH TWO NEW BANK FACILITIES
* EXTENDING DEBT MATURITIES UNTIL 2028 AND WITH A POSSIBILITY TO EXTEND MOST OF DEBT EXPIRATION TO 2029
* HAS OBTAINED COMMITMENT FOR FINANCING OF ADDITIONAL SECOND-HAND VESSELS FOR UP TO USD 123M WITH SAME EXPIRATION TERMS
* REFINANCED DEBT WILL BE STRUCTURED AS SYNDICATED FACILITIES AGREEMENT WITH SIX TO NINE BANKS OF UP TO USD 322M
* CLOSING OF AGREEMENTS IS SUBJECT TO DOCUMENTATION, IS EXPECTED DURING Q2 OF 2023 Source text for Eikon: Further company coverage: (Gdansk Newsroom)