Oaktree Capital Group Files 13D/A Amendment for TORM plc

TL;DR

Oaktree Capital Group updated their TORM plc stake filing on Oct 3, 2024.

AI Summary

Oaktree Capital Group Holdings GP, LLC, along with its affiliates, has filed an amendment to their Schedule 13D concerning TORM plc. The filing, dated October 3, 2024, indicates a change in their beneficial ownership. The group, which includes entities like BAM PARTNERS TRUST and BROOKFIELD ASSET MANAGEMENT LTD., is reporting on their holdings in TORM plc, a company involved in deep sea foreign transportation of freight.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of TORM plc, which could impact its stock price and future corporate actions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake changes by large investors, which can lead to increased volatility and uncertainty.

Key Players & Entities

• Oaktree Capital Group Holdings GP, LLC (company) — Filing entity
• TORM plc (company) — Subject company
• BAM PARTNERS TRUST (company) — Affiliated entity
• BROOKFIELD ASSET MANAGEMENT LTD. (company) — Affiliated entity
• OAKTREE CAPITAL MANAGEMENT GP, LLC (company) — Affiliated entity
• OCM NJORD HOLDINGS S.A R.L (company) — Affiliated entity

FAQ

Key Financial Figures

• $0.01 — suer) Class A common shares, par value $0.01 per share (Title of Class of Securitie
• $375,000 — 13d-2 and 16a-3 thereunder and to pay a $375,000 penalty. Item 5. Interest in Securitie

Filing Documents

• ef20036677_sc13da.htm (SC 13D/A) — 247KB
• 0001140361-24-042775.txt ( ) — 249KB

Identity and Background

Item 2 Identity and Background

(e) of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 2(e) of the Schedule 13D is hereby amended and restated in its entirety as follows: On September 25, 2024, the SEC accepted an offer by Oaktree Capital Management LP, an affiliate of the Reporting Persons, to resolve an investigation involving Sections 13(d) and 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rules 13d-2 and 16a-3 thereunder, which require certain investors, like the Reporting Persons, that beneficially own the registered equity securities of a public company to file reports with the SEC of their beneficial ownership in the equity of the company, including changes in their beneficial ownership, within specified timeframes. Oaktree Capital Management LP cooperated immediately and fully with the SEC's investigation, and, without admitting or denying the SEC's findings, in a settled proceeding agreed to cease and desist from committing or causing any violations and any future violations of Sections 13(d) and 16(a) of the Exchange Act and Rules 13d-2 and 16a-3 thereunder and to pay a $375,000 penalty.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

(a)-(c) of the Schedule 13D are hereby amended and restated as follows

Item 5 (a)-(c) of the Schedule 13D 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 95,654,335 Class A Shares outstanding as of September 25, 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 40,581,120 Class A Shares, which represents approximately 42.42% of the total outstanding Class A Shares. (c) On October 2, 2024, the Reporting Persons sold 3,528,866 Class A Shares pursuant to Rule 144. The Reporting Persons have not effected any other transactions in the Common Stock since the filing of Amendment No. 13. 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 Description A. Joint Filing Agreement, dated as of December 4, 2023, by and 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: October 3, 2024 OCM NJORD HOLDINGS S. R.L. By: /s/ Martin Eckel Name: Martin Eckel Title: Manager OAKTREE CAPITAL MANAGEMENT GP, LLC By: /s/ Martin Boskovich Name: Martin Boskovich Title: Senior Vice President OAKTREE CAPITAL HOLDINGS, LLC By: /s/ Martin Boskovich Name: Martin Boskovich Title: Senior Vice President OAKTREE CAPITAL GROUP HOLDINGS GP, LLC By: /s/ Martin Boskovich Name: Martin Boskovich 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