Two specialized teams within Arias, Fábrega & Fábrega have worked collaboratively to serve as joint counsel to Seadrill Finance Limited, JP Morgan SE, and GLAS Trust Company LLC. This collaboration involved assisting Seadrill Finance Limited in:

1. the successful issuance of US$575,000,000 8.375% senior secured second lien notes due 2030, and
2. the establishment of a US$250,000,000 revolving credit facility. The notes and the facility are secured by first and second lien mortgages meticulously established under the laws of Panama, covering a total of 12 rigs.

ARIFA teams worked seamlessly under an ethical wall basis to provide dedicated assistance to each party involved in the transaction. Seadrill Finance Limited was represented by Partner Pilar Castillo and Associate Jennifer Sales, who led the drafting and negotiation, closing logistics and perfection of the Panama deliverables; while JP Morgan SE and GLAS Trust Company LLC were represented by Partner Jorge Loaiza, who oversaw and ensured that the security liens were duly constituted over the rigs.