Fir Tree Issues Open Letter to Fellow SBB Noteholders Outlining Concerns with Company’s Tender Offer
Fir Tree Partners (“Fir Tree” or “we”), a meaningful holder of the 2028 Notes and 2029 Notes guaranteed by Samhällsbyggnadsbolaget I Norden Ab (publ) (“SBB” or the “Company”), today issued an open letter to fellow noteholders to outline its concerns with the Company’s tender offer memorandum dated November 16, 2023.
- Fir Tree Partners (“Fir Tree” or “we”), a meaningful holder of the 2028 Notes and 2029 Notes guaranteed by Samhällsbyggnadsbolaget I Norden Ab (publ) (“SBB” or the “Company”), today issued an open letter to fellow noteholders to outline its concerns with the Company’s tender offer memorandum dated November 16, 2023.
- We are writing to share our concerns regarding the tender offer memorandum, dated November 16, 2023 (the “Tender Offer Memorandum”), issued by Samhällsbyggnadsbolaget I Norden Ab (publ) (“SBB” or the “Company”).
- From our perspective, this makes the Tender Offer open to question and leads us to ask: what is the Company’s true motive for offering Noteholders a Tender Offer at this moment in time?
- We strongly encourage all Noteholders to consider the concerns outlined above before participating in the Tender Offer.