Petrobras Prepayment of bank debts and new financing

Rio de Janeiro, December 20, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that in December it pre-paid bank debts and contracted new financing, according to the tables below.

 

Table I: Prepayment operations

Institution	Prepayment Amount (R$ million)	Original Maturity
BNDES	2,560	2025

 

Table II: Prepayment and new financing

Institution	Prepayment Amount (US$ million)	Original Maturity	New Financing Amount  (US$ million)	New Maturity Date
Citibank	650	2020	650	2024

 

Table III: New financing

Institution	New Financing Amount  (US$ million)	Maturity
Bank of America	500	2024

The operations are in line with the company’s 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 2019-2023 Business and Management Plan.