(Petrobras, 30.Apr.2021) — Petrobras, following up on the release disclosed on 28 March 2019, has extended part of the Revolving Credit Facility (RCF) maturing in March 2024, in the amount of $3.25bn, for two more years. Thus, 63% of the total amount of the credit line, that is, $2.05bn, can be drawn down until 2026. The remainder remains due in the original term.
Petrobras currently has $7.6bn and R$6bn in revolving credit lines to be used. With this extension, the maturities of the lines will be (i) $4.35bn and R$4bn in 2023; (ii) $1.2bn in 2024; (iii) R$2bn in 2025 and (iv) $2.05bn in 2026.
The operation allows for greater efficiency in cash management, in line with the company’s capital optimization strategy.