Petrobras debt prepayment with ICBC leasing

Wednesday, September 12, 2018

Petrobras press release

Petrobras informs that, on 09/10/2018, it prepaid US$ 750 million related to the financial leasing contract of P-52 platform executed in March 2016 with ICBC Leasing (Industrial and Commercial Bank of China Leasing), with original maturity on March 2026.

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The transaction is in line with the company's liability management strategy, which aims to improve its amortization profile and cost of debt taking into consideration the deleveraging goals under its 2018-2022 Business and Management Plan.