RIO DE JANEIRO, Feb. 9,
2017 /PRNewswire/ --Petróleo Brasileiro S.A. – Petrobras
("Petrobras") (NYSE: PBR) announces that holders of US$4,899,100,000 and €631,753,000 principal
amount of the outstanding notes of the series set forth in the
table below (all such notes, collectively, the "Old Notes" and each
a "series" of Old Notes), issued by its wholly-owned subsidiary
Petrobras Global Finance B.V. ("PGF"), tendered their Old Notes at
or prior to 11:59 p.m., New York City time, on February 8, 2017 (the "Expiration Date"),
pursuant to PGF's previously announced cash tender offers (the
"Tender Offers").
The following table summarizes the final tender results as of
the Expiration Date and the principal amount of Old Notes that PGF
has accepted for purchase:
Title of
Security
|
|
CUSIP /
ISIN
|
|
Principal
Amount Outstanding
|
|
Acceptance
Priority Level
|
|
Tender Offer
Consideration(1)
|
|
Total
Consideration(1)(2)
|
|
Principal
Amount
Tendered
|
|
Principal Amount
Accepted for Purchase
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.000% Global
Notes due January
2019
|
|
71647NAB5
/
US71647NAB55
|
|
US$1,452,566,000
|
|
1
|
|
US$976.25
|
|
US$1,006.25
|
|
US$760,733,000
|
|
US$760,733,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Floating Rate
Global Notes due January
2019
|
|
71647NAE9
/
US71647NAE94
|
|
US$750,492,000
|
|
2
|
|
US$986.25
|
|
US$1,016.25
|
|
US$419,477,000
|
|
US$419,477,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.875% Global
Notes due March 2019
|
|
71645WAN1
/
US71645WAN11
|
|
US$1,813,907,000
|
|
3
|
|
US$1,075.00
|
|
US$1,105.00
|
|
US$1,108,347,000
|
|
US$1,108,347,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.25% Global
Notes due April 2019
|
|
NA/XS0835886598
|
|
€1,300,000,000
|
|
4
|
|
€1,021.25
|
|
€1,051.25
|
|
€631,753,000
|
|
€631,753,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.75% Global
Notes due January
2020
|
|
71645WAP6
/
US71645WAP68
|
|
US$2,500,000,000
|
|
5
|
|
US$1,018.75
|
|
US$1,048.75
|
|
US$1,334,773,000
|
|
US$1,334,773,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.875% Global
Notes due March 2020
|
|
71647NAH2
/
US71647NAH26
|
|
US$1,500,000,000
|
|
6
|
|
US$997.50
|
|
US$1,027.50
|
|
US$957,465,000
|
|
US$957,465,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Floating Rate
Global Notes due March
2020
|
|
71647NAL3
/
US71647NAL38
|
|
US$500,000,000
|
|
7
|
|
US$986.25
|
|
US$1,016.25
|
|
US$318,305,000
|
|
US$318,305,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
__________________________
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Per
US$1,000 or €1,000, as applicable.
(2) 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 Old Notes accepted for purchase, and €30.00
per €1,000 principal amount for each series of Euro denominated Old
Notes accepted for purchase.
|
Holders of US$13,542,000 and
€200,000 principal amount of Old Notes tendered their Old Notes
after 5:00 p.m., New York City time, on January 25, 2017 (the "Early Tender Date"), and
on or prior to the Expiration Date. PGF has accepted for
purchase all of the Old Notes validly tendered in the Tender Offers
after the Early Tender Date and on or prior to the Expiration
Date. The final settlement date on which PGF will make
payment for Old Notes accepted in the Tender Offers after the Early
Tender Date is expected to be February 13,
2017 (the "Final Settlement Date").
Holders of Old Notes that validly tendered on or prior to the
Early Tender Date and whose Old Notes were accepted for purchase
received the applicable total consideration set forth in the table
above, which included an early tender premium as set forth therein,
and accrued and unpaid interest on their accepted Old Notes from
the last interest payment date to, but not including, January 30, 2017, the early settlement date of
the Tender Offers. Holders of Old Notes that validly tendered
after the Early Tender Date but on or prior to the Expiration Date
and whose Old Notes have been accepted for purchase are entitled to
receive only the applicable tender offer consideration set forth in
the table above, which is equal to the total consideration set
forth in the table above minus the applicable early tender
premium as set forth therein, and to receive accrued and unpaid
interest on their accepted Old Notes from the last interest payment
date to, but not including, the Final Settlement Date.
The total cash payment to purchase the accepted Old Notes on the
Final Settlement Date will be US$13,975,639.76 and €209,913.02, in each case
including accrued and unpaid interest. Old Notes that have
been validly tendered after the Early Tender Date and on or prior
to the Expiration Date cannot be withdrawn, except as may be
required by applicable law.
The Tender Offers have now expired. No Old Notes tendered after
the Expiration Date will be accepted for purchase pursuant to the
Tender Offers. Any tendered Old Notes that are not accepted
for purchase will be returned or credited to the holder's
account.
The Tender Offers were made pursuant to the offer to purchase
dated January 9, 2017 (as amended or
supplemented from time to time, the "Offer to Purchase"), and the
related letter of transmittal dated January
9, 2017 (as amended or supplemented from time to time, the
"Letter of Transmittal"), which set forth in more detail the terms
and conditions of the Tender Offers.
PGF 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 acted 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 were not made to holders of Old Notes in any
jurisdiction in which PGF was 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 required the Tender Offers to be made by a
licensed broker or dealer, the respective Tender Offers were 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-final-tender-results-and-final-settlement-for-cash-tender-offers-300404908.html
SOURCE Petroleo Brasileiro S.A.