Arias, Fábrega & Fábrega acted as Panamanian counsel to Goldman Sachs Bank USA, Global Loan Agency Services Limited, GLAS Trust Corporation Limited and HEA Energy Topco Limited, in connection with a secured bridge facility of up to US$175 million made available to HEA Energy Topco Limited to support the acquisition of vessels.

The transaction involved the careful integration of an English-law bridge financing with the Panamanian ship mortgage regime and a sophisticated multijurisdictional security package, requiring close coordination across jurisdictions.

The transaction highlights ARIFA’s strong maritime finance practice and its experience advising leading international financial institutions, lenders, agents and security agents on complex, high-value, vessel-backed cross-border financings involving Panama-flagged fleets.