Petrobras Commences Cash Tender Offers [PDF Download]

(Petrobras, 6.Jul.2022) — Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) any and all of (i) its notes of the series set forth in the below table under the heading “Tender Group 1” for an aggregate purchase price, excluding accrued and unpaid interest, of up to $750mn (the “Maximum Consideration for Tender Group 1”), and (ii) its notes of the series set forth in the below table under the heading “Tender Group 2,” for an aggregate purchase price, excluding accrued and unpaid interest, of up to $750mn (the “Maximum Consideration for Tender Group 2” and, together with the Maximum Consideration for Tender Group 1, the “Maximum Consideration”), in each case as converted on the basis set forth in the Offer to Purchase (as defined below). Tender Group 1 and Tender Group 2 are referred to herein individually as a “Tender Group” and collectively as the “Tender Groups.” The notes for each Tender Group are referred to herein collectively as the “Notes.”

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