PRINCETON, N.J., Dec. 22, 2017 /PRNewswire/ -- Foxhill Capital Partners L.P. ("Foxhill"), released a letter today stating its opposition to the current share pledge enforcement and M&A process as outlined in the Company's December 13, 2017 press release. Foxhill, as a holder of the 11.75% Senior Secured Notes issued by Norske Skog AS due 2019, does not believe the current process is in the best interests of all Senior Secured Noteholders. We have concerns regarding conflicts of interest of several of the parties involved, as well as the aggressive timetable set for the auction. Foxhill is making this letter public to inform other SSN Holders of what it believes are serious defects in the company's current proposal.
The full text of the letter can be found here.
Foxhill Capital Partners LLC
T: (609) 720 1700
SOURCE Foxhill Capital Partners LLC