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 for up to $250 million with Sumitomo Mitsui Banking Corporation. The authorization, granted through Resolution 2476 dated August 20, 2024, allows Ecopetrol to secure financing with a five-year term, a variable interest rate, and the principal payable at maturity. The funds are intended for non-investment expenses, particularly to repay financial obligations due in 2026. The agreement includes provisions for borrower default events, which could trigger early repayment demands by the lender. The contract will be governed by the laws of the State of New York. This financial move comes as Ecopetrol continues to play a dominant role in Colombia's hydrocarbon production and expands its international presence in strategic basins across the Americas.

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 for up to $250 million with Sumitomo Mitsui Banking Corporation. The authorization, granted through Resolution 2476 dated August 20, 2024, allows Ecopetrol to secure financing with a five-year term, a variable interest rate, and the principal payable at maturity. The funds are intended for non-investment expenses, particularly to repay financial obligations due in 2026. The agreement includes provisions for borrower default events, which could trigger early repayment demands by the lender. The contract will be governed by the laws of the State of New York. This financial move comes as Ecopetrol continues to play a dominant role in Colombia's hydrocarbon production and expands its international presence in strategic basins across the Americas.