Petrobras Updates on Loan Contracts and Divestment Plan

Petrobras Updates on Loan Contracts and Divestment Plan

Petrobras announces concluded negotiations on the following loan contracts:

  • R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year period.
  • R$ 2 billion standby loan with Caixa Econômica Federal for a 5-year period.
  • R$ 3 billion standby loan with Bradesco for a 5-year period.
  • Cooperation Agreement with Standard Chartered Bank for the sale and leaseback of production platforms totaling up to US$ 3 billion and for a 10-year period.
  • These transactions, along with the ones already entered into this year, will meet the company’s 2015 financing requirements.

    Petrobras will continue to assess financing opportunities aimed at anticipating some of the requirements for 2016.
    In addition, as disclosed on 03/02/2015, Petrobras approved a US $ 13.7 billion divestment plan for 2015 and 2016.
    Pre-salt assets in production are not included among the upstream assets of this divestment plan.
    New material facts regarding these matters will be timely disclosed to the market.

    Source: Petrobras

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