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OCM Njord Prices Secondary Public Offering of Torm Class A Shares

MT Newswires·10/06/2026 10:15:08
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10:15 AM EDT, 10/06/2026 (MT Newswires) -- OCM Njord Holdings priced a secondary public offering of 6,329,874 class A shares in Torm (TRMD-A.CO) to raise gross proceeds of $253.5 million. The offering is expected to close on Wednesday, according to a Tuesday release. The refined oil products and chemicals company will not receive any proceeds from the sale. OCM Njord, indirectly owned by funds indirectly managed by Oaktree Capital Management, beneficially owns 6% of Torm prior to the offering.