Ecopetrol S.A. announced that it has received authorization from the Ministry of Finance and Public Credit (MHCP) to execute a loan agreement of up to USD 500 million with Banco Santander, S.A. The authorization was granted via Resolution 0910 dated April 25, 2025.
The loan agreement features a five-year term, with the principal payable at maturity, and an interest rate indexed to the SOFR rate. The funds from this operation are designated for non-investment expenses, aligning with the company's 2025 financing plan.
This financing is expected to contribute to Ecopetrol's goal of achieving its Gross Debt/EBITDA target for the year. The favorable conditions secured for this agreement reaffirm the support and confidence of the international financial sector in the Ecopetrol Group's strategy.
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