Seaborn Networks mandates Natixis as Sole Structuring Bank, Underwriter, and Lead Arranger on Brazil–US subsea cable project

USD 290 million in senior secured commercial debt fully underwritten

January 30, 2015

Paris and Boston, MA, March 3, 2014 – Seaborn Networks and Natixis are pleased to announce that Seaborn has mandated Natixis, a major French bank, to act as sole structuring bank, underwriter and lead arranger for a fully underwritten USD 290 million senior secured project financing debt for the development and installation of Seaborn’s new subsea fiber optic cable system between commercial and financial centers of Brazil and the United States. Natixis is also expected to serve as COFACE Facility Agent and Security Agent for this project debt.

Seaborn’s new submarine cable project, known as Seabras-1, is a 40 Tbps, four fiber pair system extending 10,400 km between São Paulo, Brazil and New York, USA, with a branch landing in Fortaleza, Brazil. It will be the first direct route between São Paulo and the United States, with lower latency than any other competing system, and is also the world’s longest system to be fully deployed with 100 Gbps coherent technology.

Read More: www.seabornnetworks.com/…

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About NJFX:

NJFX is a Tier 3 Carrier Neutral Cable Landing Station campus. Our colocation ecosystem has expanded to over 35 network operators offering flexibility, reliability, and security. Our Wall, NJ location provides direct access to multiple subsea cable systems giving our carriers diverse connectivity solutions and offers direct interconnection without recurring cross-connect fees.

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