Ocean Networks reveals advisor for SAPL route

Ocean Networks has appointed Natixis as exclusive equity advisor and exclusive debt advisor for its South America Pacific Link (SAPL) subsea fibre-optic cable.

The SAPL will connect PoPs in Hawaii, Panama, Chile and Florida, providing onward connectivity to the NAP of the Americas, and with the future potential to connect to Ecuador, Peru, the Dominican Republic, Cuba, as well as other locations in Chile and Hawaii.

Natixis will help Ocean Networks to raise equity from institutional and infrastructure investors, as well as senior secured debt from commercial banks.

“We are extremely pleased to have contracted Natixis as our Exclusive Equity and Debt Advisor. Natixis has the proven experience and global reach to help us finance the SAPL system and maintain our ready for service date,” said “Scott Schwertfager, CEO of Ocean Networks.

“Natixis recognised the importance of the SAPL system for the emerging Central and South American markets and their requirement for trans-Pacific connectivity and low latency connectivity to the US.”

The project will allegedly be financed under a traditional project finance structure, and it is estimated that the SAPL will be fully funded in less than a year.

Ocean Networks joined forces with Alcatel-Lucent’s subsea unit to extend the SAPL route from Panama to Florida in August last year.