Milbank LLP advised the lenders in connection with the $1.25 billion senior unsecured term loan facility for Ecopetrol S.A. (“Ecopetrol”) (NYSE: EC). The financing will be used to refinance existing indebtedness, including the credit facility used for the acquisition of Ecopetrol’s interest in Interconexión Eléctrica S.A. E.S.P.
Ecopetrol, Colombia’s state-owned oil and gas major, is the largest company in Colombia and one of the main integrated energy companies in the American continent. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics and hydrocarbon refining.
The Milbank deal team was led by Corporate Finance and Securities partner Carlos Albarracín and associates Fernando Quezada, Pamela Molina and Ronny Vaisman.
