Seaborn Networks Mandates Natixis as Sole Structuring Bank, Underwriter, and Lead Arranger
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Seaborn's new submarine cable project, known as Seabras-1, is a 40 Tbps, four fiber pair system extending 10,400 km between
The mandating of Natixis to arrange the credit facility follows the previously announced "Promise of Cover" provided by Compagnie Francaise d'Assurance pour le Commerce Exterieur (
"Natixis has been a valued partner throughout the financing process and this further solidifies our strong relationship with a leading infrastructure finance bank," said
"Natixis welcomes the opportunity to play a key role in the Seabras-1 project, which is expected to be the first export credit agency-backed project financing in the global submarine cable industry," said
Natixis has been advising Seaborn as the exclusive equity adviser and COFACE Agent, in addition to now being mandated as the sole structuring bank, underwriter, lead arranger and COFACE Facility Agent.
Seabras-1 is being built for Seaborn by
Seaborn is advised by Portland Advisers (debt adviser),
Natixis is advised by
About Seaborn Networks
Seaborn Networks is a developer and operator of submarine fiber optic cable systems, including Seabras-1, which is the first direct fiber optic cable between commercial and financial centers of
About Natixis
Natixis is the corporate, investment and financial services arm of Groupe BPCE, the 2nd-largest banking group in
With more than 15,300 employees (excl.
A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE's two retail banking networks.
Listed on the
(1) Based on Natixis understanding of CRR-CRD4 rules reported on
Figures as at
The development of Natixis in the
Natixis is a recognized player in the infrastructure space and has notably obtained the following rankings and awards:
#1 Arranger in
#7 Financial Advisor for Project Finance won worldwide by
#15 MLA for Project Finance Worldwide by Thomson in 2013
More information on Natixis infrastructure expertise available on: http://cib.natixis.com/infrastructure
Press Contacts:
For Seaborn:
For Natixis:
SOURCE Seaborn Networks
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