Financial

Petrobras – Prepayment of bank debts and new financing

Rio de Janeiro, October 2, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it has executed prepayment, renegotiation and new financing operations, in the total amount of US$ 6,3 billion, according to the tables below.

Additionally, the company settled a financing operation with the bank BNDES, linked to the Nitrogen Fertilizer Unit III (“UFN-III”), which is in the process of divesting, as disclosed on 09/11/2017, in the amount of R$ 1.4 billion, whose maturity would be in 2024.

The company will continue to assess new prepayment and funding opportunities pursuant to its liability management strategy, which aims to improve the amortization profile taking into account the deleveraging goals under its 2017-2021 Business and Management Plan.

Categories: Financial, Petrobras

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