Petrobras: Pre-payment of bank debt and new funding with The Bank of Nova Scotia

Pre-payment of bank debt and new funding with The Bank of Nova Scotia

 

caneta-assinaturacontrato.jpgOn Friday (June 30), we carried out a transaction with the Canadian bank The Bank of Nova Scotia, making the prepayment of $500 million in debt due to expire in 2019, and simultaneously hiring new funding in the amount of $750 million scheduled to mature in 2022 and without unsecured guarantees.

We will continue to evaluate new funding opportunities pursuant to our liability management strategy, which aims at improving the amortization profile and reducing the cost of debt, taking into account the deleveraging target set forth in our 2017-2021 Business and Management Plan.