Petrobras (NYSE: PBR) Sets Redemption Terms for 8.750% 2026 Notes

Rhea-AI Filing Summary

Petróleo Brasileiro S.A. – Petrobras is redeeming its 8.750% Global Notes due 2026 through its subsidiary Petrobras Global Finance B.V. The company will redeem an aggregate principal amount of US$344,167,000 on December 29, 2025.

Holders will receive a total redemption price of approximately US$1,018.29 per US$1,000 principal amount, which includes a make-whole premium of about US$18.29 per US$1,000. In addition, they will receive accrued and unpaid interest of roughly US$8.75 per US$1,000 from November 23, 2025 to (but not including) the redemption date.

The Trustee will distribute an aggregate redemption price of US$350,462,301.08, including a make-whole premium of US$6,295,301.08 and accrued interest of US$3,011,461.25. After payment, the notes and Petrobras’s related guaranty will be cancelled and the obligations extinguished. PGF intends to fund the redemption using available cash on hand.

Insights

Credit and capital structure analyst

Petrobras is using cash on hand to retire US$344M of 8.750% 2026 notes.

Petrobras, via Petrobras Global Finance B.V., is redeeming an aggregate principal amount of US$344,167,000 of 8.750% Global Notes due 2026 on December 29, 2025. Holders will receive about US$1,018.29 per US$1,000 principal amount, which bundles principal plus a make-whole premium of roughly US$18.29 per US$1,000, along with accrued interest.

The total redemption price comes to US$350,462,301.08, including a make-whole premium of US$6,295,301.08 and accrued interest of US$3,011,461.25. Once paid, the notes and the related guaranty by Petrobras will be cancelled and any obligations under them extinguished, reducing this specific slice of bonded indebtedness.

PGF plans to fund the redemption with available cash on hand, so this is a cash outflow rather than a refinancing transaction. Future disclosures in periodic reports would provide additional clarity on how this redemption fits into Petrobras’s broader liability management and liquidity position.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What is Petrobras (PBR) doing with its 8.750% Global Notes due 2026?

Petrobras, through Petrobras Global Finance B.V., is redeeming the outstanding 8.750% Global Notes due 2026. The aggregate principal amount being redeemed is US$344,167,000, and after the redemption the notes and the related guaranty will be cancelled and the obligations extinguished.

What redemption price will holders of Petrobras (PBR) 8.750% 2026 notes receive?

Holders will receive a redemption price of approximately US$1,018.29 per US$1,000 principal amount. This amount includes a make-whole premium of about US$18.29 per US$1,000, plus the repayment of principal.

How much total cash will Petrobras pay to redeem the 8.750% 2026 notes?

The Trustee will distribute an aggregate redemption price of US$350,462,301.08. This includes a make-whole premium of US$6,295,301.08 and accrued interest of US$3,011,461.25 on the principal amount from November 23, 2025 to (but not including) the redemption date.

What interest and make-whole premium are paid on Petrobras (PBR) 8.750% notes being redeemed?

Holders will receive a make-whole premium of about US$18.29 per US$1,000 principal amount, and accrued and unpaid interest of approximately US$8.75 per US$1,000 from November 23, 2025 to (but not including) December 29, 2025.

How will Petrobras fund the redemption of the 8.750% Global Notes due 2026?

Petróleo Brasileiro S.A. – Petrobras states that Petrobras Global Finance B.V. intends to fund the amounts necessary to redeem the notes using available cash on hand, rather than issuing new debt for this purpose.

When does interest stop accruing on Petrobras (PBR) 8.750% 2026 notes?

The redemption date is December 29, 2025. The company states that interest on the notes will cease to accrue on and after the redemption date, and accrued interest is calculated only up to (but not including) that date.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of December, 2025

Commission File Number 001-15106

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(Exact name of registrant as specified in its charter)

Brazilian Petroleum Corporation - PETROBRAS

(Translation of Registrant's name into English)

Avenida Henrique Valadares, 28 
20241-030 - Rio de Janeiro, RJ
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F

PETROBRAS ANNOUNCES REDEMPTION PRICE FOR 8.750% GLOBAL NOTES DUE 2026

RIO DE JANEIRO, BRAZIL – December 23, 2025 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 8.750% Global Notes due 2026 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be December 29, 2025 (the “Redemption Date”).

Title of Security	CUSIP / ISIN	Common Code	Aggregate Principal Amount to be Redeemed	Make-Whole Premium(1)	Redemption Price(1) (2)	Interest(1)
8.750% Global Notes due 2026	71647NAQ2/ US71647NAQ25	N/A	US$344,167,000	US$18.29	US$1,018.29	US$$8.75 (3)

^{_________________________________________________________}

⁽¹⁾ Per US$1,000. Figures have been rounded for ease of presentation.
⁽²⁾ Redemption price includes make-whole premium.

⁽³⁾ Accrued interest on the principal amount from November 23, 2025 to (but not including) the Redemption Date.

Payment on the Notes will be made prior to 3:00 pm New York City time on the business day preceding the Redemption Date by credit to the account of The Bank of New York Mellon (the “Trustee”), as paying agent for the Notes.

The Trustee will cause funds to be paid to The Depositary Trust Company for further payment to its participants in the aggregate amount of US$350,462,301.08 (or approximately US$1,018.29 per US$1,000 principal amount of the Notes), which constitutes the redemption price for the Notes. The redemption price includes a make-whole premium of US$6,295,301.08 (or approximately US$18.29 per US$1,000 principal amount of the Notes). In addition to the redemption price, holders will receive accrued and unpaid interest on the principal amount of the Notes from November 23, 2025 to (but not including) the Redemption Date in the amount of US$3,011,461.25 (or approximately US$8.75 per US$1,000 principal amount of the Notes).

On the Redemption Date, the redemption prices, including accrued and unpaid interest, will become due and payable. Interest on the Notes will cease to accrue on and after the Redemption Date. Upon the redemption, the Notes and the related guaranty by Petrobras will be cancelled and any obligation thereunder extinguished.

PGF intends to fund the amounts necessary to redeem the Notes with available cash on hand.

For more information or if you have any questions regarding this notice, please contact Petrobras’s investor relations department at petroinvest@petrobras.com.br.

Forward-Looking Statements

This announcement 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.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PETRÓLEO BRASILEIRO S.A--PETROBRAS
	By:	/s/ Andre Gameiro Rua
		Name: Andre Gameiro Rua
		Title: Attorney-in-fact
	By:	/s/ Lucas Tavares de Mello
		Name: Lucas Tavares de Mello
		Title: Attorney-in-fact

Date: December 23, 2025