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IT

Seabras Group companies emerge from Chapter 11

Thursday 9 July 2020 | 10:01 CET | News
The US Bankruptcy Court for the Southern District of New York has confirmed the Reorganisation Plan of Seabras 1 USA and Seabras 1 Bermuda, enabling them to emerge from Chapter 11. The total outstanding debt has been reduced and the debt maturity has been extended to September 2028. Seabras Group and investment vehicles advised by Partners Group redeemed and acquired all shares previously held by SNH, resulting in 100 percent equity ownership.

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Categories: Fixed / IT
Companies: Seaborn Networks
Countries: Brazil / United States
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