Arias, Fábrega & Fábrega acted as councel to WestLB AG, New York Branch, and Banco General S.A., as arrangers and underwriters, of a US$175 million issue of multi-series senior secured notes of Bahía Las Minas Corp., a subsidiary of the Suez Energy Group. 

In this capacity, the firm advised the registration of the notes with the National Securities Commissions, the drafting of the offering memorandum, the listing of the notes on the Panama Stock Exchange and the structuring of the security package.
 
This deal required a complex security package, which had to be shared with existing creditors under three other facility agreements.