Rio de Janeiro, August 6, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has executed debt pre-payments totaling US$ 975 million, according to the table below.
| Bank |
Date of Advance Payment |
Value of Advance Payment (US$ million) |
Original Maturity |
| Bank of America |
7/25/2018 |
325 |
2022 |
| Safra |
7/31/2018 |
150 |
2022 |
| MUFG |
8/3/2018 |
500 |
2022 |
The transactions are in line with the company’s liability management strategy, which aims to improve its amortization profile and cost of debt taking into consideration the deleveraging goals under its 2018-2022 Business and Management Plan.
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