Homburger advised Citigroup Global Markets Inc. and JPMorgan Chase Bank, N.A. on Ecopetrol USD 1.19 bn bridge loan for the Brava Energia acquisition

Ecopetrol S.A. has entered into a USD 1.19 bn bridge loan agreement among Ecopetrol Capital AG as borrower, Ecopetrol S.A. as guarantor, UMB Bank, National Association as administrative agent and Citigroup Global Markets Inc. and JPMorgan Chase Bank, N.A. as joint lad arrangers and joint bookrunners to bridge the financing of the acquisition, through Ecopetrol S.A.’s wholly owned subsidiary Ecopetrol Investimentos do Brasil Ltda. of a controlling interest equivalent to approximately 51% of the outstanding voting share capital of Brava Energia S.A.

Ecopetrol S.A. is Colombia’s largest integrated energy, oil, gas and coal company and covers the entire value chain of the hydrocarbon industry. Since 2021, as part of its strategy plan 2040, the group has been investing more heavily in renewable energy, decarbonisation and linear infrastructure.

Homburger acted as legal counsel to Citigroup Global Markets Inc. and JPMorgan Chase Bank, N.A. and advised them with regard to all Swiss legal aspects of the financing transaction.

The Homburger team was led by Daniel Haeberli and included Simone Gloor and Samuel Fäh (all Financing) as well as Stefan Oesterhelt (Tax).