Arias, Fábrega & Fábrega acted as special Panamanian legal counsel to ABN AMRO Bank N.V., Singapore Branch, in connection with a secured facilities agreement dated 31 December 2013, entered into, by and between: (i) Sapura Diamante GMBH and Sapura Topazio GMBH,  as borrowers, (ii) Standard Chartered Bank, ABN AMRO Bank N.V., Singapore Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd., DZ Bank AG, ING Bank N.V., KfW IPEX-Bank GmbH and Sumitomo Mitsui Banking Corporation, as mandated lead arrangers, (iii) the Financial Institutions listed therein as original lenders, (iv) ING Bank N.V. as agent of the other finance parties (v) the security agent as security trustee for the secured parties.

The lenders have agreed to make term loan facilities in the aggregate amount of US$54 million available to the borrowers. The agreement has been secured by, among other securities, first naval mortgages over the vessels of Panamanian registry Sapura Diamante and Sapura Topazio, each for the principal amount of US$651.6 million.