Rio de Janeiro – Petrobras has paid, this Thursday (04), a BRL 2 billion (USD 540 million) debt with bank Banco do Brasil, which had a 2020 due date. The company reported the payment in a statement released this Friday (05).
Petrobras also reports that it has signed with the state-owned bank a repurchased agreement credit line worth the same BRL 2 billion, with the due date in October 2025.
According to Petrobras, the new line represents an additional source of liquidity for the company to use as it needs. “This way, Petrobras will be able to use its cash flow to pay debts in advance, providing a cut in interest rates costs, but without losing liquidity.
Petrobras says that, with this agreement, the company now has available, in a repurchased credit line, BRL 6 billion (USD 1.61 billion) with Brazilian banks, and USD 4.35 billion with international banks.
Translated by Sérgio Kakitani