Alemán, Cordero, Galindo & Lee advised Topsail Holdo LLC, Topsail Debtco LLC, and Apollo Group LLC. in the preparation, execution, and perfection of a pledge over the participation quotas of the Panamanian companies International Cruises Services, SDAD LTDA, and VV Cruise Services Ltda. S.R.L. This pledge will serve as collateral for certain credit facilities to be granted to Topsail Debtco LLC by a syndicate of banks for up to USD 140 million and by Regions Bank for up to USD 40 million.