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Petrobras Liability Management Operations

Rio de Janeiro, September 3, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that in August it executed the following operations, totaling US$ 1.45 billion: debt prepayment; term and/or cost renegotiation; and new financing, as per table below:

It is the first time that the New Development Bank, a bank formed by the “BRICS” member countries, based in Shanghai, China, provides credit directly to a company without sovereign guarantee. The funds from the financing will support investment in environmentally friendly projects at the Duque de Caxias (REDUC) and Gabriel Passos (REGAP) refineries.

The operation is in line with Petrobras liability management strategy, which aims to improve the amortization profile and the cost of debt, taking into account the deleveraging target set forth in its 2018-2022 Business and Management Plan.

Categories: Uncategorized

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