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Reficar financing signs
03 January 2012
The export credit agency-backed deal for Ecopetrol’s Reficar project has signed, including the second largest ever approved financing by US Ex-Im.
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Reficar
Ecopetrol
US Ex-Im
Colombia
refinery
ECA project financing
Sace
EKN
Milbank
Ecopetrol has closed the debt financing for its $5.18 billion refinery expansion and modernisation project in Colombia.
The $3.5 billion deal was signed on December 29 for Ecopetrol’s subsidiary Refineria de Cartagena (Reficar), with Ecopetrol offering a contingent guarantee for the debt and is providing $1.5 billion in equity.
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