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Colombian state oil company Ecopetrol raised $2 billion from an offering advised by Milbank and Shearman & Sterling. (Photo: Ecopetrol)
Grissel Mercado and Denise Grant, Shearman & Sterling and Carlos Albarracín, Milbank. (Latinvex collage)
Thursday, January 19, 2023
Legal Briefs

Milbank, Shearman Advise $2 Bln Ecopetrol Bond

Shearman advises $1.5 billion loan to Mexican state power company CFE.



Milbank and Shearman & Sterling advised on Colombian state oil company Ecopetrol’s $2 billion offering of 10-year 8.875% notes due 2033; Shearman & Sterling represented a group of lenders on a $1.54 billion three-year senior unsecured revolving credit facility for Mexican state electricity company CFE and the lenders in connection with a $230 million credit for Deer Park Refining Limited, a subsidiary of Mexican state oil company Pemex.

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Keywords: Capital Markets, Colombia, Energy, Finance, Mexico, Milbank, Shearman & Sterling


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