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Ecopetrol S.A. prepays its 10-12 months Notes owing September 2023

BOGOTA, Colombia, Aug. 10, 2023 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL NYSE: EC, the “Firm”) informs that the redemption selling price of the notes issued in 2013, maturing in September 2023, was USD1,000.167 for each USD1,000 principal amount, for a full prepayment of principal as well as make total quantity of USD821,613,148.865, additionally accrued interest as of the redemption day of August 7, 2023.

Ecopetrol Logo.

Ecopetrol Logo.

This prepayment was introduced by the Company in a push launch on July 7, 2023 in furtherance of the objectives of the financial prepare and reaffirms Ecopetrol S.A.’s determination to its refinancing strategy and investment plan for 2023.

Ecopetrol is the major company in Colombia and a single of the primary integrated power companies in the American continent, with a lot more than 18,000 staff members. In Colombia, it is dependable for additional than 60% of the hydrocarbon creation of most transportation, logistics, and hydrocarbon refining units, and it holds primary positions in the petrochemicals and gasoline distribution segments. With the acquisition of 51.4% of ISA’s shares, the company participates in vitality transmission, the administration of genuine-time devices (XM), and the Barranquilla – Cartagena coastal freeway concession. At the worldwide amount, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration functions in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the ability transmission business enterprise in Brazil, Chile, Peru, and Bolivia, highway concessions in Chile, and the telecommunications sector. This press release contains business enterprise prospect statements, running and fiscal result estimates, and statements connected to Ecopetrol’s development prospective clients. These are all projections and, as these types of, they are primarily based solely on the anticipations of the supervisors relating to the foreseeable future of the firm and their ongoing entry to cash to finance the company’s small business approach. The realization of stated estimates in the foreseeable future relies upon on the actions of market ailments, polices, opposition, and the functionality of the Colombian economy and the industry, among the other things, and are as a result topic to change with out prior recognize.

This release consists of statements that could be viewed as forward-seeking statements within just the that means of Part 27A of the U.S. Securities Act of 1933, as amended, and Segment 21E of the U.S. Securities Trade Act of 1934, as amended. All forward-hunting statements, irrespective of whether built in this launch or in foreseeable future filings or press releases, or orally, handle matters that contain risks and uncertainties, including in respect of the Firm’s prospective buyers for growth and its ongoing obtain to funds to fund the Company’s enterprise system, among the others. For that reason, variations in the following things, amongst some others, could result in actual outcomes to vary materially from individuals bundled in the forward-seeking statements: sector costs of oil & gas, our exploration, and output things to do, marketplace circumstances, relevant polices, the trade charge, the Firm’s competitiveness and the efficiency of Colombia’s economic system and sector, to point out a few. We do not intend and do not believe any obligation to update these forward-hunting statements.

For far more details, be sure to contact:

Head of Funds Markets
Carolina Tovar
E mail: [email protected]

Head of Corporate Communications
Marcela Ulloa
Electronic mail: [email protected]

 

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