Home/Tag: Chapter 11

Seaborn Charts Course After Emergence from Chapter 11

Seaborn Charts Course After Successful Emergence from Chapter 11 Seaborn Networks Press Release July 8, 2020 Boston, MA – Following its successful emergence from Chapter 11, leading subsea cable systems operator Seaborn, today announced the appointments of board members Pete Hayes and Don Shassian, as Interim CEO and Interim CFO, respectively. "We are excited about [...]

2020-07-09T11:20:15-04:00July 9th, 2020|Categories: State of the Industry|Tags: , , , , |

GCX Appoints Carl Grivner to Board of Directors

Global Cloud Xchange Announces the Appointment of Carl Grivner to the Company’s Board of Directors Global Cloud Xchange Press Release April 22, 2020 London – Global Cloud Xchange (“GCX” or the “Company”), a leading provider of global managed next-generation network, announces the appointment of one new member to its Board of Directors. Joining the board [...]

GCX Announces Majority Emergence from Bankruptcy

Global Cloud Xchange Announces Majority Emergence From Bankruptcy Global Cloud Xchange Press Release April 15, 2020 The Company’s entities unaffected by regulatory requirements, representing a vast majority of the global business, successfully complete Chapter 11 restructuring and appoint new Board of Directors Restructuring process objectives have been achieved, including less debt, new financing and new [...]

2020-04-16T10:58:30-04:00April 16th, 2020|Categories: State of the Industry|Tags: , , , , |

Seabras 1 Bermuda, USA File for Chapter 11

Seabras 1 Bermuda Ltd and Seabras 1 Usa, LLC Announce Plan to Improve Financial Future Seaborn Networks Press Release December 23, 2019 Boston (GLOBE NEWSWIRE) -- Seabras 1 Bermuda Ltd (“Parent”) and Seabras 1 USA LLC (“OpCo” and, together with Parent, the “Companies”) filed voluntary petitions for relief under Chapter 11 of the United States [...]

2019-12-24T15:53:24-05:00December 24th, 2019|Categories: State of the Industry|Tags: , , , |