Petrobras on Revolving Credit Lines

Source: www.gulfoilandgas.com 8/25/2020, Location: South America

Petrobras, following up on the releases dated 07/27/2020 and 03/20/2020, informs that it made the partial pre-payment of its revolving credit lines, in the amount of US$ 2.1 billion.

With this prepayment, the company currently has available US$ 5.6 billion for new withdrawals on the revolving credit lines denominated in US dollars and R$ 4 billion, on the lines in Reais.

The transaction will allow greater efficiency in cash management, in line with the company's capital optimization strategy.


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