(Petrobras, 16.Sep.2024) — Petrobras announced (i) the settlement of the international capital markets offering of US$1bn 6.000% Global Notes due 2035 (the “New Notes and such offering, the “New Notes Offering”), issued by its wholly-owned subsidiary, Petrobras Global Finance B.V. (PGF) and (ii) the final results and settlement of the previously announced cash tender offers by PGF, with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and such offers, the “Offers”).
The terms of the New Notes 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 Jul. of each year, commencing on 13 Jan. 2025
· Issue price: 98.128%
· Yield to Investors: 6.250%
· Maturity: 13 Jan. 2035
The settlement of the New Notes Offering occurred on 13 Sep. 2024.
The following table sets forth the aggregate principal amount of Notes validly tendered and accepted for purchase in the Offers:
The Offers expired at 5:00 p.m., New York City time, on 9 Sep. 2024 and settled on 13 Sep. 2024.
The Offers were made pursuant to the terms and conditions set forth in the offer to purchase dated September 3, 2024, and the accompanying notice of guaranteed delivery (together, the “Offer Documents”).
The aggregate amount paid by PGF to holders whose Notes were accepted for purchase, excluding accrued and unpaid interest, was approximately US$918.4mn.
PGF engaged BofA Securities, Inc., Banco Bradesco BBI S.A., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC to act as joint bookrunners with respect to the New Notes Offering and to act as dealer managers with respect to the Offers. Global Bondholder Services Corporation acted as the depositary and information agent for the Offers.
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