Torm shares jump after restructuring deal with banks
COPENHAGEN, Oct 2 (Reuters) - Shares in Danish shipping company Torm A/S jumped 36.5 percent after it said banks had thrown it a lifeline consisting of a $100 million new working capital facility and deferred installments on its $1.8 billion of debt.
Its shares extended rises to 36.5 percent at 3.74 Danish crowns per share at 0705 GMT against a 0.2 percent fall in the Copenhagen stock exchange's benchmark index .
(Reporting by Mette Fraende) ((Copenhagen newsroom, tel: +45 33969649, e-mail: copenhagen.newsroom@thomsonreuters.com))
Keywords: TORM BANKS/
COPENHAGEN, Oct 2- Shares in Danish shipping company Torm A/S jumped 36.5 percent after it said banks had thrown it a lifeline consisting of a $100 million new working capital facility and deferred installments on its $1.8 billion of debt.