RIO DE JANEIRO, Jan. 24, 2017 /PRNewswire/ -- Petróleo Brasileiro
S.A. – Petrobras ("Petrobras") (NYSE: PBR) announces that its
wholly-owned subsidiary Petrobras Global Finance B.V. ("PGF") has
increased the tender cap in its previously announced cash tender
offers (the "Tender Offers") from US$4.0
billion to US$6.0 billion.
The early tender date for the Tender Offers has been extended to
5:00 p.m., New York City time, on January 25, 2017 (the "New Early Tender
Date"). The expiration date for the Tender Offers has also
been extended to 11:59 p.m.,
New York City time, on
February 8, 2017 (the "New Expiration
Date"). The withdrawal date (January
23, 2017) for the Tender Offers has now passed and will not
be extended. Notes validly tendered pursuant to the Tender
Offers may no longer be withdrawn, and any notes previously
tendered and to be tendered prior to the New Early Tender Date or
the New Expiration Date may not be withdrawn. The early settlement
date on which PGF will make payment for notes accepted in the
Tender Offers is expected to be January 30,
2017.
The following table summarizes the principal amount of notes
tendered as of 5:00 p.m.,
New York City time, on
January 23, 2017, the original early
tender date of the Tender Offers:
|
Title of
Security
|
CUSIP /
ISIN
|
Principal
Amount
Outstanding
|
Acceptance
Priority
Level
|
Total
Consideration(1)
|
Principal
Amount
Tendered
|
|
3.000%Global
Notes
due January
2019
|
71647NAB5
/
US71647NAB55
|
US$1,452,566,000
|
1
|
US$1,006.25
|
US$753,225,000
|
|
Floating Rate
Global
Notes due January
2019
|
71647NAE9
/
US71647NAE94
|
US$750,492,000
|
2
|
US$1,016.25
|
US$416,374,000
|
|
7.875% Global
Notes
due March 2019
|
71645WAN1
/
US71645WAN11
|
US$1,813,907,000
|
3
|
US$1,105.00
|
US$1,050,459,000
|
|
3.25% Global
Notes
due April 2019
|
NA/XS0835886598
|
€1,300,000,000
|
4
|
€1,051.25
|
€611,353,000
|
|
5.75% Global
Notes
due January
2020
|
71645WAP6
/
US71645WAP68
|
US$2,500,000,000
|
5
|
US$1,048.75
|
US$1,308,712,000
|
|
4.875% Global
Notes
due March 2020
|
71647NAH2
/
US71647NAH26
|
US$1,500,000,000
|
6
|
US$1,027.50
|
US$944,010,000
|
|
Floating Rate
Global
Notes due March
2020
|
71647NAL3
/
US71647NAL38
|
US$500,000,000
|
7
|
US$1,016.25
|
US$309,800,000
|
|
__________________________
|
|
|
|
|
|
(1) Per US$1,000 or
€1,000, as applicable. The Total Consideration includes an early
tender premium equal to US$30.00 per US$1,000 principal amount for
each series of US dollar denominated notes accepted for purchase,
and €30.00 per €1,000 principal amount for each series of Euro
denominated notes accepted for purchase.
|
Except as described in this press release, all other terms of
the Tender Offers as described in the offer to purchase dated
January 9, 2017 (as may be amended or
supplemented from time to time, the "Offer to Purchase"), and in
the related letter of transmittal dated January 9, 2017 (as may be amended or
supplemented from time to time, the "Letter of Transmittal") remain
unchanged.
PGF has engaged Banco Bradesco BBI S.A., Citigroup Global
Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc. and Morgan Stanley &
Co. LLC to act as dealer managers (the "Dealer Managers") in
connection with the Tender Offers. Global Bondholder Services
Corporation is acting as the depositary and information agent for
the Tender Offers.
This press release is not an offer to sell or purchase, nor a
solicitation of an offer to sell or purchase, nor the solicitation
of tenders with respect to, the securities described herein.
The Tender Offers are not being made to holders of notes in any
jurisdiction in which PGF is aware that the making of the Tender
Offers would not be in compliance with the laws of such
jurisdiction. In any jurisdiction in which the securities
laws or blue sky laws require the Tender Offers to be made by a
licensed broker or dealer, the respective Tender Offers will be
deemed to be made on PGF's behalf by the Dealer Managers or one or
more registered brokers or dealers that are licensed under the laws
of such jurisdiction. Any questions or requests for
assistance regarding the Tender Offers may be directed to Banco
Bradesco BBI S.A. at +1 (212) 888-9145, Citigroup Global Markets
Inc. at + 1 (212) 723-6106, HSBC Securities (USA) Inc. at +1 (212) 525-5552, Itau BBA
USA Securities, Inc. at +1 (212)
710-6749 and Morgan Stanley & Co. LLC at +1 (212) 761-1057.
Requests for additional copies of the Offer to Purchase, the Letter
of Transmittal and related documents may be directed to Global
Bondholder Services Corporation at +1 (866)-470-3900
(toll-free).
Neither the Offer to Purchase nor any documents related to the
Tender Offers have been filed with, and have not been approved or
reviewed by any federal or state securities commission or
regulatory authority of any country. No authority has passed
upon the accuracy or adequacy of the Offer to Purchase or any
documents related to the Tender Offers, and it is unlawful and may
be a criminal offense to make any representation to the
contrary.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended that are not based on historical facts and are not
assurances of future results. No assurance can be given that
the transactions described herein will be consummated or as to the
ultimate terms of any such transactions. All forward-looking
statements are expressly qualified in their entirety by this
cautionary statement, and you should not place reliance on any
forward-looking statement contained in this press release.
Petrobras undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information
or future events or for any other reason.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/petrobras-announces-increase-of-tender-cap-and-extension-of-early-tender-date-and-expiration-date-300395497.html
SOURCE Petroleo Brasileiro S.A.-Petrobras