Anchorage, BlackRock Hire Adviser as SBB Battle Heats Up
- Bondholders hire PJT Partners as a representative in talks
- SBB faces allegations that it isn’t complying with bond terms
A Samhallsbyggnadsbolaget i Norden AB property in Stockholm, Sweden.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
A group of investors holding more than €1 billion ($1.09 billion) of SBB bonds have hired an adviser to counter the efforts of rival creditors that claim the company is at risk of default.
The group of investors, which includes Anchorage Capital Group and BlackRock Inc., will be represented by PJT Partners and plan to work with the company to counter allegations that SBB breached terms of its bonds, according to people familiar with the matter.