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.

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