Ecopetrol obtains authorization to execute a loan agreement with an international bank for two-hundred fifty million dollars
Ecopetrol (NYSE: EC) has received authorization from Colombia's Ministry of Finance and Public Credit to execute a $250 million loan agreement with Sumitomo Mitsui Banking The loan, expected to have a 5-year term with principal payable at maturity and a variable interest rate, will be used for non-investment expenses, including repayment of financial commitments maturing in 2026.
The agreement includes standard default clauses and will be governed by New York State law. This move aligns with Ecopetrol's position as Colombia's largest company and a major integrated energy player in the Americas, with significant operations in hydrocarbon production, transportation, refining, and petrochemicals, as well as recent expansions into power transmission and infrastructure through its acquisition of ISA shares.
Ecopetrol (NYSE: EC) ha ricevuto l'autorizzazione dal Ministero delle Finanze e del Credito Pubblico della Colombia per eseguire un contratto di prestito di 250 milioni di dollari con Sumitomo Mitsui Banking. Si prevede che il prestito abbia un termine di 5 anni con il capitale rimborsabile alla scadenza e un tasso di interesse variabile; sarà utilizzato per spese non d'investimento, incluso il rimborso di impegni finanziari in scadenza nel 2026.
Il contratto include clausole standard di default e sarà regolato dalla legge dello Stato di New York. Questa mossa si allinea con la posizione di Ecopetrol come la più grande azienda della Colombia e un importante attore integrato nel settore energetico delle Americhe, con operazioni significative nella produzione, nel trasporto, nella raffinazione e nella petrochimica, nonché recenti espansioni nella trasmissione di energia e nelle infrastrutture attraverso l'acquisizione di azioni di ISA.
Ecopetrol (NYSE: EC) ha recibido autorización del Ministerio de Hacienda y Crédito Público de Colombia para ejecutar un acuerdo de préstamo de 250 millones de dólares con Sumitomo Mitsui Banking. Se espera que el préstamo tenga un plazo de 5 años con el capital a pagar al vencimiento y una tasa de interés variable; se utilizará para gastos no relacionados con inversiones, incluyendo el reembolso de compromisos financieros que vencen en 2026.
El acuerdo incluye cláusulas estándar de incumplimiento y será regido por la ley del Estado de Nueva York. Este movimiento está alineado con la posición de Ecopetrol como la mayor empresa de Colombia y un jugador energético integral importante en las Américas, con operaciones significativas en producción, transporte, refinación y petroquímica, así como recientes expansiones en transmisión de energía e infraestructura a través de la adquisición de acciones de ISA.
Ecopetrol (NYSE: EC)는 콜롬비아 재무부로부터 Sumitomo Mitsui Banking과 2억 5천만 달러 대출 계약을 체결할 수 있는 승인을 받았습니다. 대출은 5년 만기로 만기 시 원금이 상환되며 변동 금리가 적용될 예정이며, 투자 외 지출에 사용될 것입니다. 여기에는 2026년에 만기가 도래하는 재정적 의무의 상환이 포함됩니다.
계약에는 표준 채무 불이행 조항이 포함되며, 뉴욕 주 법률에 따라 규율됩니다. 이번 조치는 Ecopetrol이 콜롬비아 최대 기업으로서의 입지와 아메리카 대륙에서의 주요 통합 에너지 업체로서 큰 입지를 다지고 있다는 점에서 일치하며, 탄화수소 생산, 운송, 정제 및 석유화학 분야에서 중대한 사업을 운영하고 있으며, ISA 주식 인수를 통해 전력 전송 및 인프라 분야로 최근에 확장하고 있습니다.
Ecopetrol (NYSE: EC) a reçu l'autorisation du ministère colombien des Finances et du Crédit public pour exécuter un accord de prêt de 250 millions de dollars avec la banque Sumitomo Mitsui. Ce prêt, qui devrait avoir un terme de 5 ans avec un remboursement du principal à l'échéance et un taux d'intérêt variable, sera utilisé pour des dépenses non d'investissement, y compris le remboursement d'engagements financiers arrivant à échéance en 2026.
Le contrat comprend des clauses de défaut standard et sera régi par la loi de l'État de New York. Ce mouvement s'aligne avec la position d'Ecopetrol en tant que plus grande entreprise de Colombie et un acteur majeur de l'énergie intégrée en Amérique, avec des opérations significatives dans la production, le transport, le raffinage et la pétrochimie, ainsi que de récentes expansions dans la transmission d'énergie et l'infrastructure grâce à l'acquisition d'actions d'ISA.
Ecopetrol (NYSE: EC) hat die Genehmigung des kolumbianischen Ministeriums für Finanzen und öffentliche Kredite erhalten, um einen darlehensvertrag über 250 Millionen Dollar mit der Sumitomo Mitsui Banking abzuschließen. Es wird erwartet, dass das Darlehen eine Laufzeit von 5 Jahren hat, mit dem Kapital, das bei Fälligkeit zurückgezahlt wird, und einem variablen Zinssatz; es wird für nicht-investive Ausgaben verwendet, einschließlich der Rückzahlung finanzieller Verpflichtungen, die 2026 fällig sind.
Der Vertrag enthält Standard-Moralklauseln und unterliegt dem Recht des Bundesstaates New York. Dieser Schritt passt zu Ecopetrois Position als das größte Unternehmen Kolumbiens und ein bedeutender integrierter Energieanbieter in Amerika mit bedeutenden Aktivitäten in der Produktion, dem Transport, der Raffination und der Petrochemie sowie jüngsten Expansionen in den Bereich der Stromübertragung und Infrastruktur durch den Erwerb von ISA-Aktien.
- Authorization obtained for a $250 million loan, improving liquidity
- 5-year loan term with principal payable at maturity, providing financial flexibility
- Proceeds to be used for repayment of financial commitments, potentially improving debt structure
- Increase in debt levels by $250 million
- Variable interest rate on the loan, potentially leading to higher interest expenses if rates rise
Insights
Ecopetrol's
However, investors should note the default clauses, which could accelerate repayment under certain conditions. This is standard but underscores the importance of Ecopetrol maintaining strong financial health. The choice of New York law for governance adds a layer of international credibility to the transaction.
Overall, this move appears to strengthen Ecopetrol's financial position, but its impact on the company's leverage and interest expenses warrants close monitoring by shareholders.
This loan agreement reflects Ecopetrol's strategy to maintain financial flexibility amidst the volatile energy market. As Colombia's largest company and a major integrated energy player in the Americas, Ecopetrol's financial decisions have significant implications for the sector.
The company's diverse portfolio, spanning hydrocarbon production, transportation and refining, alongside its expansion into power transmission through ISA, positions it uniquely in the market. This
Investors should view this in the context of Ecopetrol's broader strategy to balance traditional oil & gas operations with investments in energy transition. The loan's allocation to non-investment expenses suggests a focus on maintaining operational efficiency rather than expansion, which could be prudent in the current global energy landscape.
The loan is expected to be executed by and between the Company, as borrower, and Sumitomo Mitsui Banking Corporation, as lender. The term of the loan is expected to be five years, with the principal payable at maturity and a variable interest rate. The proceeds from this transaction are expected to be allocated to non-investment expenses, including the repayment of financial commitments maturing 2026.
According to the procedure outlined in the contract, the MHCP reviewed and authorized the terms, which anticipate borrower default events such as non-payment or failure to fulfill obligations. If these events materialize, the lenders may demand early repayment. Additionally, Ecopetrol may seek recourse if the agreed disbursements are not made. All of the above is in compliance and will be governed by the laws of the
Ecopetrol is the largest company in
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.
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