(Petrobras, 1.Jul.2019) — Petrobras announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to repurchase certain of its outstanding U.S.Dollar-, Euro-and Pound Sterling-denominated notes (the “Tender Offers”).
Tender Offers
PGF has commenced offers to purchase for cash: (1) any and all of its outstanding notes of the series set forth in the table below under the heading “Any and All Offers” (the “Any and All Notes” and such offers, the “Any and All Offers”), and (2) its outstanding notes of the series set forth in the table below under the heading “Waterfall Offers” (collectively, the “Waterfall Notes”and such offers, the “Waterfall Offers”) for an aggregate purchase price, excluding accrued and unpaid interest, not to exceed U.S.$3.0 billion minus the aggregate amount, excluding accrued and unpaid interest, that holders of Any and All Notes are entitled to receive for Any and All Notes validly tendered and accepted for purchase pursuant to the Any and All Offers (the “Waterfall Tender Cap”).
The Tender Offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated July 1, 2019 (the “Offer to Purchase” and, together with the accompanying notice of guaranteed delivery and related letter of transmittal, the “Tender Offer Documents”).
Any And All Offers
The following table sets forth the series of notes subject to the Any and All Offers, and the consideration payable (the “Any and All Consideration”) for notes accepted for purchase in the Any and All Offers
The Any and All Offers will expire at 5:00 p.m., New York City time, on July 8, 2019, unless extended (such date and time, as the same may be extended, the “Any and All Expiration Date”). The Any and All Notes validly tendered may be withdrawn at any time prior to 5:00 p.m., New York City time, on July 8, 2019, unless extended, but not thereafter.Holders of Any and All Notes who (1) validly tender and do not validly withdraw their Any and All Notes on or prior to the Any and All Expiration Date or (2) deliver a properly completed and duly executed notice of guaranteed delivery and other required documents pursuant to the guaranteed delivery procedures described in the Offer to Purchase, on or prior to the Any and All Expiration Date and tender their Any and All Notes on or prior to 5:00 p.m., New York City time, on July 10,2019 (the “Guaranteed Delivery Date”),will be eligible to receive the Any and All Consideration indicated in the table above, as well as accrued and unpaid interest from, and including, the last interest payment date for the Any and All Notes to, but not including, the Any and All Settlement Date (as defined below).
The settlement date of Any and All Notes validly tendered and accepted for purchase is expected to occur promptly following the Any and All Expiration Date, on July 11,2019(the “Any and All Settlement Date”).
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