EPM executed a debt management operation for the equivalent of US $ 250 million.
This EPM release was published using machine translation.
In execution of the debt management operation, approved in the EPM Board of Directors session on May 25, 2021, and accepted by the General Directorate of Public Credit and National Treasury of the Ministry of Finance and Public Credit through Resolution No. 2816 of November 17, 2021, EPM received a disbursement for USD $ 250 million in development of the credit agreement with the banks JPMorgan and Bank of Tokio - MUFG and immediately prepaid the syndicated loan with the HSBC bank.
This operation allows EPM to improve the profile of its financial debt portfolio, increasing its average life without increasing its current debt level. Additionally, EPM manages to neutralize the exchange risk of the operation by establishing the credit indexed to Colombian pesos (synthetic credit in COP).
EPM remains committed to maintaining the best financial practices to support the financial health and soundness of the organization in order to meet EPM's fundamental objective, such as sustainability.
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