BOGOTA,
Colombia, Aug. 7, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) announces that, as part of its
comprehensive debt management strategy, it will redeem
U.S.$250 million of its 5.375% Notes
due 2026 (the "Notes") (CUSIP: 279158 AL3 / ISIN: US279158AL39).
The outstanding balance of the Notes is U.S.$1.5 billion as of the date hereof.
The redemption date of the bonds will take place on September 5, 2024 (the "Redemption Date") at a
redemption price equal to, approximately, U.S.$1,014.95 per U.S.$1,000.00 principal amount outstanding
(approximately U.S.$253,737,148.23
for U.S.$250,000,000.00 aggregate
principal amount of the Notes outstanding), plus accrued and unpaid
interest to the Redemption Date equal to U.S.$10.30 per U.S.$1,000 principal amount outstanding
(approximately U.S.$2,575,520.83 for
U.S.$250,000,000.00 aggregate
principal amount of the Notes outstanding), amounting to,
approximately, U.S.$1,025.25 per
U.S.$1,000 principal amount
outstanding (approximately U.S.$256,312,669.06 for U.S.$250,000,000.00 aggregate principal amount of the
Notes outstanding), to be finally calculated three business days
prior to the Redemption Date.
The redemption is in line with the objectives of the financial
plan and confirms Ecopetrol S.A.'s commitment to proactively manage
the refinancing of maturities in 2026.
For more information, please refer to the Securities and
Exchange Commission's official Securities and Exchange Commission
press release at the following link: Ecopetrol - Notice of
Redemption to Holders - 2026 Notes.pdf.
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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 (a)
Lina María Contreras Mora
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.