What do you believe is the single most important factor driving up the cost of living in Nigeria?

BOGOTA, Colombia, Oct. 10, 2024 /PRNewswire/ -- Ecopetrol S.A. (ECOPETROLEC ("Ecopetrol" or the "Company") announces that to continue with its integral debt management strategy, it plans to prepay on October 18, 2024, USD 500 million out of the USD 1,000 million outstanding balance of that certain loan agreement executed with international banks in September 2023 and maturing in September 2030 (the "2030 Loan").

Ecopetrol plans to prepay the 2030 Loan with the funds from the external credit of USD 250 million executed with Sumitomo Mitsui Banking Corporation (announced through relevant information on August 21, 2024) and available cash on hand for USD 250 million.

This prepayment is expected to reduce the Company's financial expenses and is a result of Ecopetrol's solid cash position and ability to manage and optimize its financing sources.

-----------------------------------------

For more information, please contact:

Head of Capital Markets (a)

Cristhian Prado Castillo

Email: investors@ecopetrol.com.co

Head of Corporate Communications

Marcela Ulloa

Email: marcela.ulloa@ecopetrol.com.co

View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-sa-announces-partial-prepayment-of-loan-agreement-executed-with-international-banks-302273503.html

SOURCE Ecopetrol S.A.

• Read More