ARIFA counsels Seadrill on senior notes issuance and credit facility
Panamanian law firm Arias Fábrega & Fábrega has counselled Seadrill Finance Limited, JP Morgan and GLAS Trust Company, on the issuance of US $575,000,000 8.375% senior secured notes due 2030.
The advisory also involved the establishment of a USD 250,000,000 revolving credit facility. The notes and the credit facility are secured by first and second lien mortgages meticulously established under Panamanian law, covering a total of 12 platforms.
ARIFA’s team advising Seadrill included partner Pilar Castillo (pictured left) and associate Jennifer Sales, who led the drafting and negotiation, closing logistics and perfection of the Panama deliverables; while JP Morgan and GLAS Trust Company were represented by partner Jorge Loaiza (pictured right), who oversaw and ensured that the security liens were properly constituted on the platforms.
