Rio de Janeiro, December 18, 2018 – Petróleo Brasileiro SA – Petrobras, in compliance with the provisions of Instruction no. 358 of January 3, 2002, issued by the Securities and Exchange Commission of Brazil (“CVM”), hereby informs that the Board of Directors , in a meeting held today, approved the 6th (sixth) issuance of simple, non-convertible unsecured debentures (“Debentures”), in up to 3 (three) series, with allocation of volumes among the series to be defined in a bookbuilding procedure (“interconnecting tranches”), in the initial amount of R$ 3,000,000,000.00 (three billion reais) for public distribution, under a regime of better placement efforts, pursuant to CVM Instruction 400, of December 29, 2003, as in force (“CVM Instruction 400”), considering the procedure indicated for issuers with large exposure in the market, according to articles 6 -A and 6-B of said instruction (“Offer”).
This issue provides for, at least, R$ 1,000,000,000.00 (one billion reais), as well as the possibility of an increase of up to twenty percent (20%), that is, up to R$ 600,000,000,00 (six hundred million reais).
The Debentures of the 1st and 2nd series will count on the incentive provided in art. 2 of Law No. 12,431, of June 24, 2011, and in the applicable regulations, the respective funds being invested exclusively in the priority project, whose scope is the exercise of exploration and evaluation activities in the area of the blocks of Franco, Florim, Northeast of Tupi and Entorno de Iara under the terms of the Transfer of Rights Agreement and the activities of development and production of oil and natural gas in the Búzios, Itapu, Sepia and Atapu fields, limited to the activities approved by the National Agency of Petroleum, Natural Gas and Biofuels – ANP (“Project”). This Project was approved as a priority, in accordance with the Ministry of Mines and Energy Ordinance No. 457, dated September 29, 2015, published in the Diário Oficial da União on September 30, 2015.
The net proceeds raised with the 3rd series Debentures will be used to prepay debts and the remainder, if any, will be used to reinforce cash for use in the ordinary course of business of the company.
The Debentures will be distributed under better placement efforts by financial institutions that are part of the securities distribution system. The remuneration of the Debentures will be defined after the bookbuilding procedure.
We also inform that the protocol of the application for registration of the Offer before the CVM, together with all necessary documents, will be held tomorrow (December 19, 2018).
This Material Fact is exclusively informative, in accordance with current legislation, and should not be interpreted or considered, for all legal purposes and purposes, as a material for the sale and / or disclosure of the Debentures and / or the Offer.