RIO DE JANEIRO, March 19, 2019 /PRNewswire/ -- Petróleo
Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today
announced the expiration and expiration date results of the
previously announced offer to purchase (the "Offer") by its
wholly-owned subsidiary Petrobras Global Finance B.V. ("PGF"), of
any and all of its outstanding notes set forth in the table below
(the "Notes").
The Offer was made pursuant to the terms and conditions set
forth in the offer to purchase dated March
12, 2019 (the "Offer to Purchase" and, together with the
accompanying notice of guaranteed delivery and related letter of
transmittal, the "Offer Documents").
The Offer expired at 5:00 p.m.,
New York City time, on
March 18, 2019 (the "Expiration
Date"). The settlement date with respect to the Offer will
occur promptly following the Expiration Date and is expected to
occur on March 21, 2019 (the
"Settlement Date").
The table below sets forth the aggregate principal amount of
Notes validly tendered in the Offer and not validly withdrawn, and
the aggregate principal amount of Notes reflected in notices of
guaranteed delivery delivered, at or prior to the Expiration Date
and the consideration payable for Notes accepted for purchase in
the Offer.
Title of
Security
|
|
CUSIP/ISIN
|
|
Principal
Amount
Outstanding(1)
|
|
Consideration(2)
|
|
Principal
Amount
Tendered by the
Expiration Date
|
|
Principal
Amount
Reflected in Notices
of Guaranteed
Delivery
|
4.375% Global
Notes
due May 2023
|
|
71647N AF6/
US71647NAF69
|
|
US$3,117,147,000
|
|
US$1,015.00
|
|
US$1,440,420,000
|
|
US$31,959,000
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
As of the date
hereof, including Notes held by Petrobras or its
affiliates.
|
(2)
|
Per US$1,000
principal amount of Notes. Holders whose Notes are
accepted for purchase will be paid accrued and unpaid interest on
such Notes from, and including, the last interest payment date for
the Notes to, but not including, the Settlement Date
|
In order to be eligible to participate in the Offer, holders of
Notes reflected in notices of guaranteed delivery received by PGF
prior to the Expiration Date must deliver such Notes to PGF by
5:00 p.m., New York City time, on March 20, 2019 (the "Guaranteed Delivery
Date").
On the terms and subject to the conditions set forth in the
Offer to Purchase, PGF expects that it will accept for purchase all
of the Notes tendered on or prior to the Expiration Date, and all
of the Notes delivered on or prior to the Guaranteed Delivery
Date. The principal amount of Notes that will be purchased by
PGF on the Settlement Date is subject to change based on deliveries
of Notes pursuant to the guaranteed delivery procedures described
in the Offer to Purchase. A press release announcing the
final results of the Offer is expected to be issued on or promptly
after the Settlement Date.
# # #
PGF engaged BNP Paribas Securities Corp., Banco Bradesco BBI
S.A., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC,
HSBC Securities (USA) Inc., and
Santander Investment Securities Inc. to act as lead dealer managers
with respect to the Offer, and ABN AMRO Securities (USA) LLC, BBVA Securities Inc. and Commerz
Markets LLC to act as co-dealer managers with respect to the
Offer. Global Bondholder Services Corporation acted as the
depositary and information agent for the Offer.
Any questions or requests for assistance regarding the Offer may
be directed to BNP Paribas Securities Corp. at + 1 212
841-3059, Banco Bradesco BBI S.A. at +1-646-432-6643, Citigroup
Global Markets Inc. (toll free ) at +1 (800) 558-3745 and (collect)
at +1(212) 723-6106, Goldman Sachs & Co. LLC at +1 (212)
902-6351 or +1 (800) 828-3182, HSBC Securities (USA) Inc. at +1 (212) 525-5552 and Santander
Investment Securities Inc. (toll-free) at +1 (855) 404-3636 or +1
(212) 940-1442. Requests for additional copies of the Offer to
Purchase may be directed to Global Bondholder Services Corporation
at +1 (866) 470-3800 (toll-free) or +1 (212) 430-3774. The
Offer Documents can be accessed at the following link:
http://www.gbsc-usa.com/Petrobras.
None of the Offer Documents has been filed with, and has 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
Documents, and it is unlawful and may be a criminal offense to make
any representation to the contrary.
The communication of this press release and any other
documents or materials relating to Offer is not being made and such
documents and/or materials have not been approved by an authorized
person for the purposes of Section 21 of the Financial Services and
Markets Act 2000. Accordingly, such documents and/or
materials are not being distributed to, and must not be passed on
to, the general public in the United
Kingdom. The communication of such documents and/or
materials as a financial promotion is only being directed at and
made to those persons in the United
Kingdom falling within the definition of investment
professionals (as defined in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or within Article 43(2) of the Order, or high net worth
companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order,
or to other persons to whom it may lawfully be communicated in
accordance with the Order (all such persons together being referred
to as "relevant persons"). The Offer was only available to, and the
Offer was engaged in only with, relevant persons. Any person who is
not a relevant person should not act or rely on any document
relating to the Offer or any of its contents.
Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are information of a non-historical
nature or which relate to future events and are subject to risks
and uncertainties. No assurance can be given that the
transactions described herein will be consummated or as to the
ultimate terms of any such transactions. 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.
View original
content:http://www.prnewswire.com/news-releases/petrobras-announces-expiration-and-expiration-date-results-of-its-any-and-all-offer-300814736.html
SOURCE Petróleo Brasileiro S.A. - Petrobras