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News Apr 29, 2020

Ecopetrol’s $2 Billion Notes Issuance

Shearman & Sterling acted as counsel to Ecopetrol S.A. in connection with a public offering of $2 billion aggregate principal amount of its 6.875 percent notes due 2030. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. acted as underwriters. This is Ecopetrol’s largest issuance to date and its first international offering in nearly four years.

Ecopetrol is partially owned by the Colombian government and the only vertically integrated crude oil and natural gas company in Colombia, as well as the largest company in the country 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 team below included visiting attorney Miguel Torres Caro.

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