Petrobras announces private exchange offers for seven series of notes and related tender offers open to certain investors

Sept 9/2019 

Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced two concurrent liability management transactions to purchase or exchange, as applicable, seven series of PGF’s outstanding notes (the “Offers”).

The Offers will expire at 5:00 p.m. (New York City time) on September 13, 2019 (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the “Expiration Date”).  Notes of the series listed in the table below (the “Old Notes”) tendered for purchase or exchange may be validly withdrawn at any time at or prior to 5:00 p.m. (New York City time) on September 13, 2019 (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the “Withdrawal Date”), but not thereafter, unless extended by PGF.  The settlement date with respect to an Offer will be promptly following the applicable Expiration Date and is expected to be September 18, 2019 (such date and time with respect to an Offer, as the same may be extended with respect to such Offer, the “Settlement Date”).

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