Arias, Fábrega & Fábrega acted as Panamanian Counsel to Colombian hotel group Grupo Decameron and its Panama-based subsidiaries, in connection with a secured syndicated loan facility for an amount of US$189,000,000, divided in US$ 83,801,622 and COP 367,366,730,694, for the refinancing of existing debt. Itaú Corpbanca acted as administrative agent, lead manager and bookrunner.

Grupo Decameron operates all-inclusive hotel facilities in the Caribbean and Latin America, in countries such as Colombia, Panama, Ecuador, Mexico, Peru, Jamaica and El Salvador.