RIO DE JANEIRO, Jan. 9, 2017 /PRNewswire/ -- Petróleo
Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) announces the
pricing of global notes denominated in U.S. Dollars (the "Notes")
to be issued by its wholly-owned subsidiary Petrobras Global
Finance B.V. ("PGF"). The Notes will be unsecured obligations of
PGF and will be fully and unconditionally guaranteed by
Petrobras. Closing is expected to occur on January 17, 2017.
The terms of the 6.125% Global Notes due 2022 are as
follows:
- Issue: 6.125% Global Notes due 2022
- Amount: US$2,000,000,000
- Coupon: 6.125%
- Interest Payment Dates: January
17 and July 17 of each year,
commencing on July 17, 2017
- Issue price: 100.000% of principal amount, plus accrued
interest (if any) from July 17,
2017
- Yield to Investors: 6.125%
- Maturity: January 17, 2022
The terms of the 7.375% Global Notes due 2027 are as
follows:
- Issue: 7.375% Global Notes due 2027
- Amount: US$2,000,000,000
- Coupon: 7.375%
- Interest Payment Dates: January
17 and July 17 of each year,
commencing on July 17, 2017
- Issue price: 100.000% of principal amount, plus accrued
interest (if any) from July 17,
2017
- Yield to Investors: 7.375%
- Maturity: January 17, 2027
PGF intends to use a portion of the net proceeds from the sale
of the Notes to repurchase notes validly tendered and accepted for
purchase by PGF in the previously announced cash tender offers (the
"Tender Offers"), and to use any remaining net proceeds for general
corporate purposes.
In connection with the Tender Offers, PGF announces that it has
increased the tender cap from US$2.0
billion to US$4.0
billion. 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 neither an offer to sell nor a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction. 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, the Letter of Transmittal 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-the-pricing-of-global-notes-and-increase-of-tender-cap-300388244.html
SOURCE Petróleo Brasileiro S.A. - Petrobras