Arias, Fábrega & Fábrega assisted Colombian hotel group Grupo Decameron and its Panama-based subsidiaries, in connection with a secured syndicated loan facility for the refinancing of existing debt and financing projects of the group.

The transaction involved the granting of two separate loan agreements in USD and Colombian Pesos, amounting to US$138 million.  The loan agreements were for US$68,000,000 and a COP 306,579,700,000.

ARIFA acted as the legal Panamanian advisor to Grupo Decameron for this noteworthy transaction, demonstrating the firm's capability in complex cross-border financings in the Hospitality sector. Our team provided comprehensive legal support to the borrowers by structuring and negotiating the relevant Panamanian collateral to secure the financing, including a Panamanian law-governed trust agreement and various share and quota pledge agreements, notes and corporate guaranties.

By leveraging its extensive knowledge and experience in the cross-border financing and hospitality sectors, ARIFA ensured a timely and seamless transaction process among multiple parties.

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.