Ecopetrol SA (EC) has released an update.
Ecopetrol S.A. has received approval from Colombia’s Ministry of Finance to secure a $250 million loan from Sumitomo Mitsui Banking Corporation. The five-year loan, earmarked for non-investment expenditures such as repaying debts due in 2026, features a variable interest rate with the principal due at maturity. The agreement, subject to New York state laws, includes provisions for early repayment in case of default by Ecopetrol.
For further insights into EC stock, check out TipRanks’ Stock Analysis page.
