Loan Contracts and Divestment Plan

Source: www.gulfoilandgas.com 4/17/2015, Location: South America

Petrobras announces that concluded negotiations on the following loan contracts:

· R$ 4.5 billion export note with Banco do Brasil through its subsidiary BR Distribuidora for a 6-year period.

· R$ 2 billion standby loan with Caixa Econômica Federal for a 5-year period.

· R$ 3 billion standby loan with Bradesco for a 5-year period.

· Cooperation Agreement with Standard Chartered Bank for the sale and leaseback of production platforms totaling up to US$ 3 billion and for a 10-year period.

These transactions, along with the ones already entered into this year, will meet the company’s 2015 financing requirements.

Petrobras will continue to assess financing opportunities aimed at anticipating some of the requirements for 2016.

In addition, as disclosed on 03/02/2015, Petrobras approved a US $ 13.7 billion divestment plan for 2015 and 2016.

Pre-salt assets in production are not included among the upstream assets of this divestment plan.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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