Arias, Fábrega & Fábrega acted as counsel to Norsk Tillitsmann ASA (renamed Nordic Trustee ASA) in connection with a Bond Agreement dated 24 January 2014, as well for the companies from the Oro Negro Group, acting as issuer as well as three subsidiaries, being the ship owners and in respect to the security package coordinating the relevant naval mortgages, as well as all matters pertaining to the registration of the vessels and transfer of ownership on delivery, respectively, for such purposes.

Oro Negro Drilling Pte. Ltd., a Singapore company, as issuer.
Self-elevating drilling units of Panamanian registry "Primus", "Laurus" and "Fortius", owned respectively by Oro Negro Primus Pte. Ltd., Oro Negro Laurus Pte. Ltd. and Oro Negro Fortius Pte. Ltd. each of the Mortgagee securing an amount of principal of US$870 million.

The matter involved also release of existing mortgages, which we also attended to.