Petrobras

Petrobras – Pre-payment of bank debt and new financing

Rio de Janeiro, May 23, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that has executed the pre-payment of a debt with Citibank, N.A. in the amount of US$ 500 million and maturity in 2017 and 2018. Petrobras executed simultaneously with this institution a new funding in the same amount, with maturity in 2022 and unsecured.

Petrobras will continue to assess new funding opportunities according to its liability management strategy, which aims to improve the debt repayment profile and reduce the cost of debt, taking into consideration the deleveraging targets under Petrobras’ 2017-2021 Business and Management Plan.

Categories: Petrobras

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