Ecopetrol SA (EC) has released an update.
Ecopetrol S.A. has announced its plan to partially prepay a substantial portion of its loan, specifically $500 million of a $1 billion loan, in an effort to optimize its debt management strategy. This decisive move, slated for October 18, 2024, is aimed at reducing financial expenses, showcasing the company’s strong cash position and its commitment to enhancing credit metrics and shareholder value.
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