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News Sep 16, 2014

Shearman & Sterling Advises on Ecopetrol S.A.’s US$ 1.2 Billion 4.125% Notes Offering

Shearman & Sterling acted as counsel to Ecopetrol S.A. in connection with a public offering of US$1,200,000,000 aggregate principal amount of the company’s 4.125% Notes due 2025. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as underwriters. The transaction represented the third time since September 2013 that Ecopetrol had accessed the international capital markets.

Ecopetrol is the only vertically-integrated crude oil and natural gas company and the largest company in Colombia as measured by revenue, profit, assets and shareholders’ equity. The company is engaged in a broad range of oil- and gas-related activities, which cover the following segments of its operations: exploration and production; refining and petrochemicals; transportation; distribution and marketing; and natural gas.

The following Shearman & Sterling team advised Ecopetrol in the transaction: partner Antonia Stolper (New York-Capital Markets) and associates Grissel Mercado (New York-Capital Markets), Antonio Herrera Cuevas (San Francisco-Capital Markets), Jeffrey Tate (Washington, DC-Tax) and Matt Wochok (Washington, DC-Tax).

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