Oaktree Completes Full Exit from TORM, Selling Final 6.33M Shares at $39.845

summarizeSummary

Oaktree Capital sold its final 6.33 million TORM shares at $39.845 each, completing a full exit and removing a major overhang on the stock.

check_boxKey Events · Ownership and Investor Activity · TRMD

• Oaktree Completes Full Exit

  Oaktree Capital sold its remaining 6,329,874 Class A shares in TORM plc at $39.845 per share, generating $252,213,829.53 in aggregate proceeds before expenses.

• Block Trade Closes

  The sale to J.P. Morgan Securities LLC as underwriter closed on October 7, 2026, reducing Oaktree's beneficial ownership to zero.

• Lock-Up Through November 13

  Oaktree and certain other persons entered into customary lock-up agreements restricting further sales through November 13, 2026, though Oaktree now holds no shares.

• Removes Selling Overhang

  The exit completes a divestiture that began in September 2026, eliminating uncertainty about future Oaktree selling pressure on TORM shares.

auto_awesomeAnalysis · TRMD · Energy & Transportation

Oaktree Capital has fully exited its position in TORM plc, selling its remaining 6.33 million shares in a block trade that closed on October 7, 2026. The final pricing of $39.845 per share generated approximately $252.2 million in proceeds for Oaktree before expenses. This completes a multi-week divestiture that began in September, removing a major overhang on the stock. The lock-up agreement through November 13, 2026 prevents Oaktree from selling any further shares, but since it now holds zero shares, the practical impact is limited. For TORM shareholders, the exit of a long-time strategic holder removes uncertainty about future selling pressure, though the stock has already absorbed the offering at prices below the initial $41.05 reference.