Shearman And Sterling

News January 19, 2024

Shearman & Sterling Represents Ecopetrol in $1.85 billion Notes Offering and Concurrent Abbreviated Cash Tender Offer

Shearman & Sterling represented Ecopetrol S.A. (“Ecopetrol”) in connection with its SEC-registered offering of $1.85 billion 8.375% Notes due 2036.

The firm also represented Ecopetrol on the concurrent abbreviated cash tender offer for any and all of Ecopetrol’s 4.125% Notes due 2025, pursuant to which $737,350,000 aggregate principal amount of notes were tendered, representing 61.45% aggregate principal amount of notes outstanding, and the expected satisfaction and discharge of the indenture in connection with the untendered notes.

Ecopetrol is the largest company in Colombia with activities in the United States (U.S. Gulf of Mexico and Permian Basin), Brazil, Mexico, Peru, Chile and Bolivia.

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