PANAMA
CITY, Sept. 14, 2023 /PRNewswire/ -- Banco
Latinoamericano de Comercio Exterior (Bladex) announced
today the successful closing of a US$1
billion Term Loan Facility for Ecopetrol S.A.
Bladex acted as Joint Lead Arranger and three
additional financial institutions joined the facility including
Deutsche Bank AG as Global Coordinator and Joint Lead arranger. The
funds from the Facility will be used to fund Ecopetrol's organic
investment plan in 2023.
Jorge Pareja, Bladex´s country
manager in Colombia stated:
"Bladex is very pleased to have successfully executed the Term Loan
Facility for Ecopetrol and to support their investment plan while
securing long-term financing. This transaction marks the strong
relationship with the largest corporate in Colombia and is a landmark transaction for the
Public Sector. The Facility is a clear demonstration of Bladex's
appetite for the Colombian market. The Facility adds to our
credentials more than 70+ syndicated transactions arranged by
Bladex in the Latin American Region".
Bladex, a multinational bank originally established by
the central banks of Latin-American and Caribbean countries, initiated operations in
1979 to promote foreign trade finance and economic integration
in the region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, and the
United States of America, supporting the regional expansion
and servicing its customer base, which includes financial
institutions and corporations. Bladex is listed on the NYSE in
the United States of America
(NYSE: BLX), since 1992, and its shareholders include: central
banks and state-owned banks and entities representing 23 Latin
American countries; commercial banks and financial institutions;
and institutional and retail investors through its public
listing.
Ecopetrol S.A. is the largest company in Colombia and one of the main integrated energy
companies in the American continent, with more than 18,000
employees. In Colombia, it is
responsible for more than 60% of the hydrocarbon production of most
transportation, logistics, and hydrocarbon refining systems, and it
holds leading positions in the petrochemicals and gas distribution
segments. With the acquisition of 51.4% of ISA's shares, the
company participates in energy transmission, the management of
real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the
international level, Ecopetrol has a stake in strategic basins in
the American continent, with Drilling and Exploration operations in
the United States (Permian basin
and the Gulf of Mexico),
Brazil, and Mexico, and, through ISA and its subsidiaries,
Ecopetrol holds leading positions in the power transmission
business in Brazil, Chile, Peru,
and Bolivia, road concessions in Chile, and the telecommunications sector.
For further information, please contact:
Bladex:
Felipe Suarez –
SVP, Head of Loan Structuring & Syndications
E-mail address: fsuarez@bladex.com
Tel.: (+507) 210-8594
Head Office Address: Torre V, Business Park, Ave. La Rotonda,
Urb. Costa del Este, Panama, Republic of Panama
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SOURCE Banco Latinoamericano de Comercio Exterior, S.A.
(Bladex)