IFLR1000

Seabras-1 fibre optic cable system

11/1/2016
Project development, Project finance
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$ 352 million

Completed

11/1/2016

Overview:

  • Seabras-1 fibre optic cable system
  • US company Seaborn Networks has obtained $352 million to develop a fibre optic submarine communications system.
  • This will be the first direct fibre optic route from Brazil to the US.
  • The cable will stretch from Sao Paulo to New York, with a branching unit landings in Halifax, Ashburn, Miami, St Croix, Fortaleza, Rio de Janeiro and Las Toninas.
  • Seabras is jointly owned by Seaborn and US private equity firm Partners Group.
  • Natixis acted as the lender.
  • Seaborn Brazilian subsidiaries Seabras 1 Holdings Brasil and Seabras 1 Brasil served as guarantors.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Brazil
France
United Kingdom

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Technology and telecommunications

Firms:
BMA - Barbosa Müssnich Aragão

Party: Seaborn Networks (Project developer)

Lawyer: Camila Goldberg

Choate Hall & Stewart

Party: Seaborn Networks (Project developer)

Lawyers: Kevin Tormey, Robert Jahrling III

Clifford Chance

Party: Natixis (Lender)

Lawyers: Catherine McCarthy, Daniel Zerbib

Conyers Dill & Pearman

Party: Natixis (Lender)

Lawyer: Jason Piney

Milbank

Party: Seaborn Networks (Project developer)

Lawyer: John Franchini

Sidley Austin

Party: Natixis (Lender)

Party: Partners Group (Investor)

Lawyers: Cliff Vrielink, Tim Chandler

Veirano Advogados

Party: Natixis (Lender)

Lawyers: Ana Carolina Barretto, Gustavo Moraes Stolagli, Robson G Barreto

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