Arias, Fábrega & Fábrega represented two companies from the Seadrill Group as current and new owners in connection with ship financing.
The Firm counselled the client in maintaining the financing despite of the sale, while maintaining the mortgage already in place. It required an existing mortgage to secure a principal amount of US$1.32 billion to be preserved despite a sale of the vessel between companies of the group.

ARIFA uses a self-created instrument for such purposes which has been satisfactorily used in several multi-million dollar transactions.