PortlandPortland

By Nick Flitterman

More accolades for Portland’s Seabras-1 Financing

More accolades for Portland’s Seabras-1 Financing

Following the award earlier in the year from Global Trade Review, Portland’s financing of the Seabras-1 cable project was today awarded the  “Perfect 10 ECA Finance Deal of the Year” by the prominent international magazine Trade & Export Finance. This award is given to the world’s best projects in the export credit agency/project finance market.

The Perfect 10 Award is the second award this quarter to recognize Seabras-1 as the first export credit agency-backed project financing of a subsea cable project in the 160-year history of the global telecommunications industry.

For more information, contact Nick Flitterman on +44 20 7185 8385 or nick.flitterman@portlandadvisers.com

By Nick Flitterman

Portland’s Seabras-1 financing named “Best Deal of 2015”

Portland’s Seabras-1 financing named “Best deal of 2015”

Following the achievement of Financial Close late in 2015, the landmark nature of the transaction has now been recognised as the Seabras-1 cable project was awarded “Best Deal of 2015” by Global Trade Review. Seabras-1 is the first Export Credit Agency-backed project financing of a subsea cable project in the history of the global telecommunications industry.

For further information, contact Nick Flitterman on +44 20 7183 8385 or nick.flitterman@portlandadvisers.com

By Nick Flitterman

Portland closes $500m financing for Seaborn Networks

Portland closes $500m financing for Seaborn Networks

Nick Flitterman and James Benbow from Portland’s telecom team advised Seaborn Networks on the successful project financing for the new Seabras-1 subsea cable connecting New York and Sao Paolo. The senior debt will be guaranteed by the French Export Credit Agency, COFACE, and funded by a bank syndicate of Natixis, Santander, Commerzbank and Banco Intesa. Equity will be provided by Partners Group. The transaction is a landmark deal as the first ECA-backed project financing in over 10 years.

More about Seaborn and the Seabras-1 project can be found here on the company website, or visit our case study page here.

For further information contact Nick Flitterman on +44 20 7183 8385 or nick.flitterman@portlandadvisers.com

 

More accolades for Portland’s Seabras-1 Financing
Portland’s Seabras-1 financing named “Best Deal of 2015”
Portland closes $500m financing for Seaborn Networks