Group 1 - Ecopetrol S.A. has been authorized by the Ministry of Finance and Public Credit to execute a loan agreement of up to USD 500 million with Banco Santander, with a term of five years and an interest rate indexed to the SOFR rate [1][2] - The funds from the loan will be allocated to non-investment expenses and will assist in achieving the Gross Debt/EBITDA target for 2025 [2] - The loan agreement reflects the international financial sector's support and confidence in Ecopetrol Group's strategy, despite a challenging market context [3] Group 2 - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, responsible for over 60% of the country's hydrocarbon production [4] - The company has a significant presence in energy transmission and holds leading positions in petrochemicals and gas distribution, with operations in the United States, Brazil, Mexico, and other countries [4]
Ecopetrol S.A. obtains authorization to execute a loan agreement with an international bank for five hundred million dollars