Oaktree/Brookfield Group Amends TORM plc Stake, Signals Ownership Shift

TL;DR

**Oaktree and Brookfield just updated their TORM plc ownership, watch for potential strategic moves.**

AI Summary

Oaktree Capital Group Holdings GP, LLC, along with its affiliates including Brookfield, filed an amended Schedule 13D on January 9, 2024, indicating a change in their beneficial ownership of TORM plc's Class A common shares. The filing, Amendment No. 9, updates their previous disclosures regarding their significant stake in the deep-sea freight transportation company. This matters to investors because Oaktree and Brookfield are major institutional investors, and changes in their holdings can signal their confidence (or lack thereof) in TORM's future performance and strategic direction.

Why It Matters

This filing shows an update to a major institutional investor group's position in TORM plc, which can influence market perception and potentially the company's governance.

Risk Assessment

Risk Level: low — This filing is an amendment to a previously disclosed significant ownership, indicating an update rather than a new, unexpected event.

Analyst Insight

Investors should monitor future filings from Oaktree and Brookfield regarding TORM plc, as significant changes in their holdings could indicate shifts in their long-term outlook for the company.

Key Numbers

• 0001655891 — TORM plc's Central Index Key (CIK) (Unique identifier for TORM plc in SEC filings)
• G89479102 — CUSIP Number (Identifier for TORM plc's Class A common shares)
• 20240109 — Filing Date (Date the SC 13D/A was filed with the SEC)
• January 5, 2024 — Date of Event (Date of the event requiring this amendment to the statement)

Key Players & Entities

• Oaktree Capital Group Holdings GP, LLC (company) — filing party and beneficial owner
• TORM plc (company) — subject company, issuer of Class A common shares
• Brookfield Asset Management Ltd. (company) — group member and beneficial owner
• Todd E. Molz (person) — Managing Director and General Counsel for Oaktree Capital Management, L.P., authorized to receive notices
• $0.01 (dollar_amount) — par value per Class A common share of TORM plc

Forward-Looking Statements

• The Oaktree/Brookfield group will continue to be a significant influence on TORM plc's strategic decisions. (TORM plc) — high confidence, target: 2025-01-09

FAQ

Key Financial Figures

• $0.01 — suer) Class A common shares, par value $0.01 per share (Title of Class of Securitie

Filing Documents

• ef20018406_sc13da.htm (SC 13D/A) — 236KB
• 0001140361-24-001522.txt ( ) — 238KB

(a)-(b) are hereby amended and restated as follows

Item 5 (a)-(b) are hereby amended and restated as follows: (a) and (b) The information contained on the cover pages of this Schedule 13D is incorporated herein by reference. Ownership percentages set forth in this Schedule 13D assume 87,045,795 Class A Shares outstanding as of January 5, 2024, which is based on information provided by the Issuer. As of the date hereof, each of the Reporting Persons may be deemed the beneficial owner of 51,006,538 Class A Shares, which represents approximately 58.60% of the total outstanding Class A Shares. This Amendment No. 9 is being filed to reflect a change in the percentage previously reported solely as a result of the change in the outstanding Class A Shares. The Reporting Person has no other material changes to the information previously reported or transactions since the filing of Amendment No. 8 to the Schedule 13D. Neither the filing of this Statement nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons that such person is the beneficial owner of any of the Class A Shares referred to herein for purposes of the Act, or for any other purpose. Item 7. Materials to be Filed as Exhibits Exhibit A Joint Filing Agreement, dated as of December 4, 2023, among the Reporting Persons, incorporated by reference to Exhibit A to Amendment No. 8 to the Schedule 13D.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: January 9, 2024 OCM NJORD HOLDINGS S. R.L. By: /s/ Martin Eckel Name: Martin Eckel Title: Manager OAKTREE CAPITAL MANAGEMENT GP, LLC By: /s/ Henry Orren Name: Henry Orren Title: Senior Vice President ATLAS OCM HOLDINGS, LLC By: /s/ Henry Orren Name: Henry Orren Title: Senior Vice President OAKTREE CAPITAL GROUP HOLDINGS GP, LLC By: /s/ Henry Orren Name: Henry Orren Title: Senior Vice President BROOKFIELD ASSET MANAGEMENT ULC By: /s/ Kathy Sarpash Name: Kathy Sarpash Title: Managing Director, Legal & Regulatory BROOKFIELD CORPORATION By: /s/ Swati Mandava Name: Swati Mandava Title: Managing Director, Legal & Regulatory BROOKFIELD ASSET MANAGEMENT LTD. By: /s/ Kathy Sarpash Name: Kathy Sarpash Title: Managing Director, Legal & Regulatory BAM PARTNERS TRUST By: /s/ Kathy Sarpash Name: Kathy Sarpash Title: Secretary

View Full Filing

View this SC 13D/A filing on SEC EDGAR