Petrobras Makes $3.5bn Prepayment On Credit Lines

(Petrobras, 27.Jul.2020) — Petrobras, following up on the press release on 03/20/2020, informs that, as of today, it has made the partial prepayment of its Revolving Credit Lines, in the amount of US$ 3.5 billion. These resources will be available for new withdrawals, if necessary.

“The US$ 8 billion withdrawal of the revolving credit lines was important in facing this moment of increased volatility. Our ability to react with resilience measures proved effective in getting us through the crisis. We will continue working to make Petrobras an even more resilient and able to generate more value for its shareholders” commented Andrea Almeida, Petrobras’ Chief Financial and Investor Relations Officer.

The operation will allow greater efficiency in cash management, in line with the company’s capital optimization strategy