BOGOTA,
Colombia, Oct. 29, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company")
announces that, continuing with its comprehensive debt management
strategy, it will redeem the outstanding balance of its 5.375%
notes maturing in June 2026 (CUSIP:
279158 AL3 / ISIN: US279158AL39) (the "2026 Notes"), which were
issued in 2015. The outstanding balance of the 2026 Notes is
USD 447,168,000.
The expected redemption date of the 2026 Notes is November 21, 2024. The redemption price is
expected to be approximately USD
1,010.31 per USD 1,000.00
principal amount outstanding (preliminarily calculated at
USD 451,778,154.18 for 100% of the
2026 Notes outstanding), plus accrued and unpaid interest up to the
redemption date equivalent to USD
21.35 per USD 1,000 principal
amount outstanding (estimated at USD
9,547,347.33 for 100% of the 2026 Notes outstanding), which
would amount to USD 1,031.66 per
USD 1,000 principal amount
outstanding (approximately USD
461,325,501.51 for 100% of the 2026 Notes outstanding). The
final redemption price is expected to be calculated on November 18, 2024.
The redemption of the 2026 Notes is in line with the Company's
financial plan and confirms Ecopetrol's commitment to proactively
manage its debt maturing in 2026.
For more information, please refer to this link.
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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.
