Shearman & Sterling acted as counsel to Ecopetrol S.A. in connection with a public offering of $500 million aggregate principal amount of its 5.875% notes due 2023. HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as underwriters. This transaction consisted of a further issuance of the 5.875% notes due 2023 originally issued on September 18, 2013.
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. It is engaged in a broad range of oil and gas-related activities, including 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); counsel Grissel Mercado (New York-Capital Markets); associates Erica Kassman (New York- Capital Markets), Yesenia Judith Barberena (New York-Corporate), Jeffrey Tate (Washington, DC-Tax), Adam Sternberg (New York-Tax); and summer associate Adam Hurwitz (New York- Capital Markets).