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Ecopetrol | 6-K: Report of foreign private issuer (related to financial reporting)

SEC ·  Oct 21, 2024 19:55

Summary by Futu AI

Ecopetrol announced the issuance of 7.750% Notes due February 1, 2032, with interest payable semi-annually starting February 1, 2025. The notes include optional redemption provisions allowing early redemption prior to December 1, 2031 at a premium, or at par thereafter.The notes feature comprehensive investor protections including change of control repurchase rights at 101% of principal, and provisions for payment of additional amounts if withholding taxes are imposed. The company maintains the right to redeem the notes if it becomes obligated to pay additional amounts due to changes in Colombian tax laws.The notes represent unsecured obligations of Ecopetrol and include standard covenants limiting liens and corporate actions. The Bank of New York Mellon serves as trustee, with the notes governed by New York law while Colombian law governs authorization and execution matters.
Ecopetrol announced the issuance of 7.750% Notes due February 1, 2032, with interest payable semi-annually starting February 1, 2025. The notes include optional redemption provisions allowing early redemption prior to December 1, 2031 at a premium, or at par thereafter.The notes feature comprehensive investor protections including change of control repurchase rights at 101% of principal, and provisions for payment of additional amounts if withholding taxes are imposed. The company maintains the right to redeem the notes if it becomes obligated to pay additional amounts due to changes in Colombian tax laws.The notes represent unsecured obligations of Ecopetrol and include standard covenants limiting liens and corporate actions. The Bank of New York Mellon serves as trustee, with the notes governed by New York law while Colombian law governs authorization and execution matters.

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