|By PR Newswire||
|March 3, 2014 06:37 PM EST||
BOSTON, March 3, 2014 /PRNewswire/ -- 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 Sao Paulo, Brazil and New York, USA, with a branch landing in Fortaleza, Brazil. It will be the first direct route between Sao 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.
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 (COFACE), the French export credit agency, for banks that participate in the facility. The mandating of Natixis in the role of Lead Arranger for this credit facility follows the recent announcement by the International Finance Corporation (IFC) of the World Bank Group that the IFC is now one of the owners of Seaborn.
"Natixis has been a valued partner throughout the financing process and this further solidifies our strong relationship with a leading infrastructure finance bank," said Larry Schwartz, Seaborn's CEO. "We are very appreciative of the bank's support in helping us to achieve another key milestone in the development of this subsea cable project."
"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 Olivier Delay, Managing Director & Head of Aviation, Export and Infrastructure, Americas for Natixis Wholesale Banking.
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 Alcatel-Lucent Submarine Networks (ASN). Environmental and permitting work in Brazil has been provided by Ecology & Environment, Inc. and in the United States by Michael Baker, Jr., Inc.
Seaborn is advised by Portland Advisers (debt adviser), Milbank Tweed Hadley & McCloy LLP (project counsel), Wiltshire & Grannis LLP (US regulatory counsel), Choate Hall & Stewart LLP (US corporate and tax counsel), Barbosa Mussnich e Aragao Advogados (Brazil corporate, tax and regulatory counsel), Appleby (Bermuda) Limited (Bermuda counsel), The Weiner Company, Inc. (insurance adviser) and EY (international tax adviser).
Natixis is advised by Clifford Chance US LLP (project counsel), Sidley Austin LLP (US regulatory counsel), Veriano Advogados (Brazil counsel), Benatar & Co. Ltd. (insurance adviser), Analysys Mason (market & technical adviser), and Terabit Consulting (market adviser).
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 Brazil and the United States. Seabras-1 is a 40 Tbps system that will connect Sao Paulo, Brazil and New York, USA, with a branch that lands in Fortaleza, Brazil. Seaborn was founded by submarine cable / wholesale carrier executives with a successful track record in designing, building and operating many of the world's largest submarine networks as well as in infrastructure finance. Prior submarine systems designed, built and operated by Seaborn's management team represent a total of 75 landing stations, 250 points of presence and 250,000 km of submarine cable (more than 6X the circumference of the earth). For more information, please visit www.seabornnetworks.com.
Natixis is the corporate, investment and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 21% of total bank deposits and 36 million clients spread over two networks, Banque Populaire and Caisse d'Epargne.
With more than 15,300 employees (excl. Coface), Natixis has a number of areas of expertise which are organized in three main business lines: Wholesale Banking, Investment Solutions and Specialized Financial Services.
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 Paris stock exchange, it has a solid financial base with a CET1 capital under Basel 3 (1) of €12.5 billion, a Basel 3 CET1 Ratio(1) of 10.4% and quality long-term ratings (Standard & Poor's: A / Moody's: A2 / Fitch Ratings: A).
(1) Based on Natixis understanding of CRR-CRD4 rules reported on June 26, 2013, including the Danish compromise - without phase-in except for DTAs on tax loss carry forwards.
Figures as at December 31, 2013
The development of Natixis in the Americas is central to Natixis' strategy.
Natixis is a recognized player in the infrastructure space and has notably obtained the following rankings and awards:
#1 Arranger in France for PPP, Concessions or DSP by Le Magazine des Affaires in 2011-2013
#7 Financial Advisor for Project Finance won worldwide by Infrastructure Journal in 2012
#15 MLA for Project Finance Worldwide by Thomson in 2013
More information on Natixis infrastructure expertise available on: http://cib.natixis.com/infrastructure
Dan Taylor, [email protected], Tel: +1 978 377 8366
Mitch Karig, Wholesale Banking Americas Communications, [email protected], Tel. +1 212 891 1882
SOURCE Seaborn Networks
Why does developer experience matters, what makes for a great developer experience and what is the relationship between developer experience and the broader field of user experience? Software developers are gaining more influence over the purchase decisions of technologies with which they must build on and with which they must integrate. For example, the success of Amazon Web Services, Heroku and MongoDB has been driven primarily by individual software developers choosing to use these tools, ra...
May. 6, 2015 09:40 AM EDT
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
May. 6, 2015 09:30 AM EDT Reads: 3,519
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization's assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In...
May. 6, 2015 09:15 AM EDT Reads: 3,794
Between the compelling mockups and specs produced by your analysts and designers, and the resulting application built by your developers, there is a gulf where projects fail, costs spiral out of control, and applications fall short of requirements. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a new approach where business and development users collaborate – each using tools appropriate to their goals and expertise – to build mo...
May. 6, 2015 09:00 AM EDT Reads: 4,106
There are lots of challenges in IoT around secure, scalable and business friendly infrastructure for enterprises. For large corporations, IoT implementations are one of the top priorities of the decade. All industries are seeing a competitive need to sustain by investing in IoT initiatives. The value addition comes from improved customer service, innovative product and additional revenue streams. The data from these IP-connected devices can be leveraged for a variety of business applica...
May. 6, 2015 09:00 AM EDT Reads: 1,173
Chuck Piluso will present a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Speaker Bio: Prior to Data Storage Corporation (DSC), Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of ...
May. 6, 2015 09:00 AM EDT Reads: 901
To manage complex web services with lots of calls to the cloud, many businesses have invested in Application Performance Management (APM) and Network Performance Management (NPM) tools. Together APM and NPM tools are essential aids in improving a business's infrastructure required to support an effective web experience... but they are missing a critical component - Internet visibility. Internet connectivity has always played a role in customer access to web presence, but in the past few years u...
May. 6, 2015 08:45 AM EDT Reads: 1,469
While Docker continues to be the darling of startups, enterprises and IT innovators around the world, networking continues to be a real mess. Indeed, managing the interaction between Docker containers and networks has always been fraught with complications. Without automation in networking, the vision of running Docker at scale and letting IT run the same apps unchanged on the laptop and in the data center or for any cloud cannot be realized.
May. 6, 2015 08:45 AM EDT Reads: 976
The Internet of Things Maturity Model (IoTMM) is a qualitative method to gauge the growth and increasing impact of IoT capabilities in an IT environment from both a business and technology perspective. In his session at @ThingsExpo, Tony Shan will first scan the IoT landscape and investigate the major challenges and barriers. The key areas of consideration are identified to get started with IoT journey. He will then pinpoint the need of a tool for effective IoT adoption and implementation, whic...
May. 6, 2015 08:30 AM EDT Reads: 1,234
Working with Big Data is challenging, especially when decision makers depend on market insights and intelligence from your data but don't have quick access to it or find it unusable. In their session at 6th Big Data Expo, Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia; Zel Bianco, President, CEO and Co-Founder of Interactive Edge of Solgenia; and Ermanno Bonifazi, CEO & Founder at Solgenia, discussed how a revolutionary cloud-based BI along with mobile analytics is already c...
May. 6, 2015 08:30 AM EDT Reads: 4,687
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company...
May. 6, 2015 08:15 AM EDT Reads: 1,120
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
May. 6, 2015 08:00 AM EDT Reads: 3,742
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
May. 6, 2015 08:00 AM EDT Reads: 951
SYS-CON Events announced today that dcVAST, a leader in IT infrastructure management, support service and cloud service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. dcVAST provides cutting-edge IT services and IT infrastructure management services. dcVAST builds robust systems that are simple, secure and serviceable. dcVAST’s IT infrastructure support and IT services expertise can help companies r...
May. 6, 2015 08:00 AM EDT Reads: 721
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 6, 2015 08:00 AM EDT Reads: 3,661