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March 26, 2013 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that on
March 22, 2013, it entered into a credit facility guaranteed by the US EximBank that was being structured since the end of 2009. The four international lender banks are JPMorgan Chase Bank, N.A., The Bank of Tokyo-Mitsubishi UFJ LTD, Mizuho Corporate Bank, ltd. and Citibank N.A.
The facility consists of two parts, whose terms are governed by: (i) A Facility Agreement for
US$420,442,800, amortized over 7 years at a rate of LIBOR + 0.65; and (ii) a Credit Agreement for
US$426,616,323, amortized over 10 years at a rate of Libor + 0.90. The funds can only be disbursed abroad and used exclusively to pay for goods and services purchased from U.S. providers. Therefore, none of the foreign currency disbursed pursuant to these facilities will be entering in
Colombia. Ecopetrol has not yet drawn on either of these facilities.
Prior to the closing, Ecopetrol S.A. had previously complied with all of the procedures and approvals required by pertinent governmental entities.
Contact us for any additional information: Investor Relations Alejandro GiraldoPhone: +571-234-5190 Email:
email@example.comMedia Relations ( Colombia) Mauricio TellezPhone: +571-2345377 Fax: +571-2344480 Email:
SOURCE Ecopetrol S.A.