Petrobras

Pre-payment of debt and new financing with The Bank of Nova Scotia

Rio de Janeiro, June 30, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it effected today a transaction with the Canadian bank The Bank of Nova Scotia, through the pre-payment of debt in the amount of US$ 500 million, which would mature in 2019.  Simultaneously, the company hired a new financing in the amount of US$ 750 million, 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 amortization profile and reduce the cost of debt, taking into consideration the deleveraging target under its 2017-2021 Business and Management Plan.

Categories: Petrobras

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