Uncategorized

Petrobras Pre-payments of bank debts

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.

Categories: Uncategorized

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