Petrobras, further to the Material Fact disclosed on 4/26/2018, reports that Mr. Rafael Mendes Gomes, elected by the company’s Board of Directors as Chief Governance and Compliance Executive Officer, took office today.
Petrobras (“Petrobras”) (NYSE: PBR) announces the commencement of offers by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to purchase for cash PGF’s notes of the series set forth in the tables below (all such notes appearing under either such heading, the “Notes” and each a “series” of Notes) for an aggregate purchase price, excluding accrued and unpaid interest, of up to US$4.0 billion, divided as follows: (i) up to US$2.0 billion for Notes of the series set forth below under the heading “Tender Group 1” (the “Tender Group 1 Notes”) and (ii) up to US$2.0 billion for Notes of the series set forth below under the heading “Tender Group 2” (the “Tender Group 2 Notes”), in each case subject to the “Acceptance Priority Level” for each Tender Group (as defined below) and subject to proration (each a “Tender Offer” and together the “Tender Offers”).
Petrobras informs that the revision process of the Transfer of Rights Agreement continues to be negotiated between the company and representatives of the Federal Government (Ministry of Mines and Energy, Ministry of Finance and Ministry of Planning, Development and Management).
Petrobras reports that, in April, its total production of oil and gas, including natural gas liquids (NGL), was 2.68 million barrels of oil equivalent per day (boed), with 2.59 million boed produced in Brazil and 95 thousand boed produced abroad.
Petrobras, in relation to the news published today in the press about the revision process of the Transfer of Rights Agreement, clarifies that discussions are ongoing between Petrobras’ internal committee, responsible for negotiating the Revision of the Transfer of Rights Agreement, and the Interministerial Commission, constituted through Interministerial Ordinance No. 15/2018.
Petrobras, further to the Material Fact from 10/26/2017 and to the press release from 12/15/2017, reports that the Brazilian Stock Exchange B3 authorized the company’s access to the special listing segment Level 2 of Corporate Governance.
Petrobras informs that has made the following debt prepayments: i) US$ 300 million, on 04/26/2018, with Banco Safra, due in January 2023; and ii) US$ 600 million, on 05/10/2018, with JP Morgan Bank, with expiration date in September 2022.
Petróleo Brasileiro S.A – Petrobras, in continuation of the Relevant Fact released on 05/08/2018, informs that the payment date of Interest on Capital (IOC)) changed from 05/25/2018 to 05/29/2018, considering the procedures necessary for its execution.
Petrobras, further to the press release disclosed on 12/19/2017, informs the beginning of negotiations with Acron, with exclusivity for a period of 90 days, related to the sale of its total stake in Araucária Nitrogenados SA (Ansa) and the sale of its Nitrogen Fertilizer Unit III (“UFN-III”).
Firstly, it should be noted that the TAG divestment process is a bidding process, following the Petrobras System Divestment Scheme (Scheme), in line with the guidelines of the Federal Audit Court (TCU), and complies with the procedures set forth in Decree 9188/17, issued on 11.01.2017, which provides the special divestment regime of federal mixed-capital companies (Decree)..