Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on March 28, 2019, informs that it has extended part of the Revolving Credit Facility (RCF) maturing in March 2024, in the amount of $3.25 billion, for two more years. Thus, 63% of the total amount of the credit line, that is, US$ 2.05 billion, can be drawn down until 2026. The remainder remains due in the original term.
Petrobras currently has US$ 7.6 billion and R$ 6 billion in revolving credit lines to be used. With this extension, the maturities of the lines will be (i) US$ 4.35 billion and R$ 4.0 billion in 2023; (ii) US$ 1.2 billion in 2024; (iii) R$ 2.0 billion in 2025 and (iv) US$ 2.05 billion in 2026.
The operation allows for greater efficiency in cash management, in line with the company’s capital optimization strategy.