The submarine cable operator Seaborn Networks is back from its adventures in Chapter 11 after finding the subsea market between North and South Americas to be less strong than they originally projected. And it’s back with Partners Group in the catbird seat.
Seabras-1 was completed in 2017 entirely with private backing. Over this past winter, the subsidiaries of the company that actually owns the Seabras-1 cable system filed for BK with a plan to come through quickly and smoothly. The piece of the company that actually operated the asset remained separate from that process.
