Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to holders in connection with its redemption of the outstanding 3.000% Global Notes due 2019 (“3.000% Notes”), 3.25% Global Notes due 2019 (“3.25% Notes”) and 7.875% Global Notes due 2019 (“7.875% Notes” and, together with the 3.000% Notes and the 3.25% Notes, the “Notes”) announcing the redemption prices for the Notes. The redemption date for the Notes will be February 26, 2018 (“Redemption Date”).
Petrobras reports that its total oil and natural gas production in January was 2.70 million barrels of oil equivalent per day (boed), with 2.60 million boed produced in Brazil and 97 thousand boed produced abroad.
Petrobras, in continuity to the material fact announced on 02/23/2017, informs that its wholly-owned subsidiary Petrobras Biocombustível SA - PBIO sold on this date, through an auction at B3, 24,000,000 (twenty-four million) shares of São Martinho SA (SMTO3) held by the company, at the price of R$ 18.51 per share.
Petrobras, pursuant to the Press Release disclosed on 12/18/2017, informs that the Court of the Administrative Council for Economic Defense (CADE) has approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe), Petrobras wholly-owned subsidiaries, to Alpek, subject to the execution of an agreement (Acordo em Controle de Concentrações – ACC) to address effective competitive concerns identified by the Court.
Petrobras informs that it has started, through its affiliate Petrobras America Inc ("PAI"), the opportunity disclosure stage (“Teaser”) related to the sale of the Pasadena Refinery, located in the United States of America.
Petrobras, further to the Material Fact disclosed on 12/14/2017, informs the start of the non-binding phase regarding the sale of 100% of the shares held by Petrobras Biocombustíveis ("PBIO"), a wholly-owned subsidiary of Petrobras, in the company BSBios, which corresponds to 50% of the company's capital.
In the disclosure of the 2018 – 2022 Business and Management Plan, Petrobras presented a sensitivity analysis of the financial leverage indicator (net debt/EBITDA) to the price of oil.
Petrobras announces that it has closed today a US$ 2 billion issuance of 2029 notes in the international capital markets. The notes were issued by Petrobras’ wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and constitute general senior unsecured and unsubordinated obligations of PGF that are unconditionally and irrevocably guaranteed by Petrobras.
Petrobras, further to the press release disclosed on December 5, 2017 and December 14, 2017, informs that it has made today the prepayment of the remaining balance of the financing agreement with China Development Bank contracted in 2009 in the amount of US$ 2.8 billion, which would become due over the next 2 years.
Petrobras informs the volume of its proved petroleum reserves (oil, condensate and natural gas) estimated at the end of 2017 according to ANP/SPE (Brazilian National Agency of Petroleum, Natural Gas and Biofuels / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission) criteria.