BOGOTA,
Colombia, Nov. 21, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company") informs that today
it completed the redemption of the aggregate principal amount
outstanding of its 5.375% notes due 2026, which were originally
issued in 2015. The repurchase price of this bond was USD 1,007.63 for each USD
1,000 of principal outstanding, amounting to USD 450,579,892 for the aggregate principal
amount outstanding, plus accrued interest up to the date.
With this early payment, the aggregate principal amount
outstanding of the Company's 5.375% notes due 2026 has been
completely redeemed, mitigating the Company's refinancing risk
until 2028. This action aligns with the objectives of the financial
plan and reaffirms Ecopetrol S.A.'s commitment to proactively
manage the refinancing of maturities in 2026, as previously
announced by the Company on October
22 and 28, 2024, through communications published via this
same medium.
Ecopetrol is the largest company in Colombia and one of the main integrated energy
companies in the American continent, with more than 19,000
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, 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 more information, please contact:
Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.