Banco Latinoamericano de Comercio Exterior (Bladex) closed a $1 billion term loan facility for Ecopetrol.
Bladex acted as joint lead arranger and three additional financial institutions joined the facility, including Deutsche Bank AG as global coordinator and joint lead arranger. The funds from the facility will be used to fund Ecopetrol’s organic investment plan in 2023.
“Bladex is very pleased to have successfully executed the term loan facility for Ecopetrol and to support their investment plan while securing long-term financing,” Jorge Pareja, Bladex´s country manager in Colombia, said. “This transaction marks the strong relationship with the largest corporate in Colombia and is a landmark transaction for the public sector. The facility is a clear demonstration of Bladex’s appetite for the Colombian market. The facility adds to our credentials more than 70 syndicated transactions arranged by Bladex in the Latin American Region.”
