Petrobras today announced the pricing of two series of global notes denominated in U.S. Dollars (the “New Money Notes”) to be issued by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”). As previously announced in Petrobras’s press release dated September 18, 2017, PGF today commenced five separate private offers to exchange (the “Exchange Offers”) certain series of its outstanding debt securities for two series of newly issued debt securities of PGF (the “New Notes”) with identical terms to the New Money Notes.
Petrobras (“Petrobras”) (NYSE: PBR) today announced that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), plans to offer (the “New Money Offer”) U.S.-dollar denominated global notes in one or more series (the “New Money Notes”), in an expected aggregate principal amount of up to U.S.$2 billion, subject to market and other conditions, and the commencement of two concurrent liability management transactions to purchase or exchange for New Notes (as defined below), as applicable, five series of PGF’s outstanding notes.
Petrobras reports that its total oil and natural gas production in August was 2.72 million barrels of oil equivalent per day (boed), 2.61 million boed of which produced in Brazil and 107 thousand boed produced abroad.
Petrobras reports that at a meeting held today its Board of Directors appointed Board Member Durval José Soledade Santos to compose the Minority Shareholders Committee in place of Mrs. Lavínia Rocha de Hollanda, who is no longer a member of this Committee due to personal matters.
Petrobras announces that its Board of Directors approved today an agreement to settle an individual securities action brought before the U.S. federal District Court for the Southern District of New York, by a number of funds affiliated with Discovery Global Citizens Master Fund, Ltd. (“Discovery Global”).
Petrobras reports that, following its liability management strategy, has executed the pre-payment of a debt with JPMorgan Chase Bank, N.A. in the amount of US $ 1.13 billion, maturing between June 2019 and March 2020. Petrobras executed simultaneously with this institution a new funding of US$ 847.5 million and maturing in 2022.
Petrobras, further to the material fact disclosed on 6/23/2016, reports that it was notified by Fundação Petrobras de Seguridade Social (Petros) that its Deliberative Board has approved, in a meeting held today, the Deficit Equating Plan (PED) for the Petrobras System Petros Plan (PPSP).
Petrobras informs that the public civil action, filed by the Federal Prosecution Service (Ministério Público Federal) to resume construction works for the Três Lagoas Fertilizer Unit UFN III (UFN-III) and ban any divestment carried out by Petrobras, shall remain suspended until 11/07/2017.
Rio de Janeiro, September 11, 2017 - Petróleo Brasileiro SA - Petrobras informs that it has initiated the disclosure phase of the Teaser, regarding the process of divesting 100% of its assets in Araucária Nitrogenados SA ("ANSA") and in the Nitrogen Fertilizer Unit III ("UFN-III").
Petrobras reports that its wholly owned subsidiary Liquigás Distribuidora S.A. (Liquigás) has entered into an agreement with the Administrative Council for Economic Defense (CADE) on 09/06/2017 to halt two administrative processes on the formation of a cartel in the Liquefied Petroleum Gas (LPG) distribution market in the Northeast of the country and in the Federal District and adjacent areas.