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A&O Shearman represents Ecopetrol on its USD1.75 billion notes offering and concurrent abbreviated cash tender offer

A&O Shearman represented Ecopetrol S.A. in connection with its SEC-registered offering of USD1.75bn 7.750% notes due 2032. The firm also represented Ecopetrol on the concurrent abbreviated cash tender offer for Ecopetrol’s 5.375% Notes due 2026.   

Ecopetrol intends to use the net proceeds from the offering to purchase the notes tendered pursuant to the tender offer, prepay a portion of the outstanding principal amounts under certain loan agreement and finance expenditures outside of its investment plan. 

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

The A&O Shearman team was led by partner Alejandro A. Gordano alongside associate Gonzalo Robles, visiting attorney Moises Gonzalez, partner Lorenz Haselberger and associate Daniel Kachmar