Ecopetrol S.A., Colombia's largest integrated energy company, has received authorization from the Ministry of Finance and Public Credit to execute a loan agreement totaling one trillion Colombian pesos. The loan, which aligns with Ecopetrol's 2024 financing plan, involves Banco de Bogotá, Banco de Occidente, and Banco Popular as lenders. With a seven-year term and a two-year grace period, the loan will be amortized in ten semi-annual installments post-grace period, with an interest rate indexed to the IBR. The funds will be used for non-investment expenses, including the repayment of existing financial obligations. This financial move demonstrates the financial sector's support and confidence in Ecopetrol's strategy. The announcement was made on June 17, 2024, and is part of the company's efforts to maintain its gross debt/EBITDA target for the year.

Ecopetrol S.A., Colombia's largest integrated energy company, has received authorization from the Ministry of Finance and Public Credit to execute a loan agreement totaling one trillion Colombian pesos. The loan, which aligns with Ecopetrol's 2024 financing plan, involves Banco de Bogotá, Banco de Occidente, and Banco Popular as lenders. With a seven-year term and a two-year grace period, the loan will be amortized in ten semi-annual installments post-grace period, with an interest rate indexed to the IBR. The funds will be used for non-investment expenses, including the repayment of existing financial obligations. This financial move demonstrates the financial sector's support and confidence in Ecopetrol's strategy. The announcement was made on June 17, 2024, and is part of the company's efforts to maintain its gross debt/EBITDA target for the year.