(Petrobras, 4.Sep.2024) — Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF). The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras. Closing is expected to occur on 13 Sep. 2024.
The terms of the 6.000% Global Notes due 2035 are as follows:
·Issue: 6.000% Global Notes due 2035
·Amount: US$1,000,000,000
·Coupon: 6.000%
·Interest Payment Dates: 13 Jan. and 13 July of each year, commencing on 13 Jan. 2025
·Issue price: 98.128%
·Yield to Investors: 6.250%
·Maturity: 13 Jan. 2035
PGF intends to use the net proceeds from the sale of the Notes to repurchase its 5.093% Global Notes due Jan. 2030, 5.600% Global Notes due January 2031, 5.500% Global Notes due June 2051, 5.625% Global Notes due May 2043, 6.750% Global Notes due June 2050 and 6.900% Global Notes due March 2049, in each case that PGF accepts for purchase in the tender offers announced concurrently with the offering of the Notes, and to use any remaining net proceeds for general corporate purposes.
This announcement is for informational purposes only, and does not constitute an offer to sell or a solicitation of an offer to purchase any securities.
There shall be no sale of the Notes in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. PGF and Petrobras have filed a registration statement, including a prospectus with the U.S. Securities and Exchange Commission.
