Petrobras (PBR) plans early redemption of US$ 344M 8.750% 2026 notes

Rhea-AI Filing Summary

Petróleo Brasileiro S.A. – Petrobras is redeeming US$ 344,167,000 aggregate principal amount of its 8.750% Global Notes due 2026 through its wholly owned subsidiary Petrobras Global Finance B.V. on December 29, 2025. The redemption price will be the greater of 100% of the principal or a make-whole amount based on the present value of remaining payments, in each case plus accrued interest from November 23, 2025 to, but not including, the redemption date. Payment will be routed through The Bank of New York Mellon as trustee and then to The Depositary Trust Company. After the redemption, interest will stop accruing, the notes and Petrobras’s related guaranty will be cancelled, and Petrobras plans to fund the transaction using available cash on hand.

Insights

Credit and capital structure analyst

Petrobras uses cash on hand to retire a US$ 344 million high-coupon bond early.

Petrobras, via Petrobras Global Finance B.V., is redeeming US$ 344,167,000 of 8.750% Global Notes due 2026 on December 29, 2025. These notes carry a relatively high 8.750% coupon, so removing them from the capital structure reduces future interest obligations on that principal amount.

The redemption price is set as the greater of 100% of principal or a make-whole amount, calculated as the present value of remaining principal and interest payments discounted at the Treasury Rate plus 50 basis points, plus accrued interest from November 23, 2025 to the redemption date. This structure compensates bondholders for early repayment and can result in a premium over par depending on the applicable Treasury Rate.

Payment flows through The Bank of New York Mellon as trustee and then The Depositary Trust Company, and Petrobras states that PGF intends to fund the redemption with available cash on hand. On completion, the notes and Petrobras’s guaranty will be cancelled, extinguishing the related obligations and slightly simplifying the company’s debt profile.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 11/28/2025 - 06:03 AM Learn about SEC filing dates

FAQ

What did Petrobras (PBR) announce regarding its 8.750% Global Notes due 2026?

Petrobras announced that its subsidiary Petrobras Global Finance B.V. will redeem US$ 344,167,000 aggregate principal amount of its 8.750% Global Notes due 2026 on December 29, 2025, cancelling the notes and the related guaranty.

What is the redemption price for Petrobras (PBR) 8.750% Global Notes due 2026?

The redemption price will be the greater of 100% of the principal amount of the notes or a make-whole amount equal to the present value of remaining principal and interest payments discounted at the Treasury Rate plus 50 basis points, plus accrued interest from November 23, 2025 to, but not including, the redemption date.

When is the redemption date for Petrobras (PBR) 8.750% Global Notes due 2026?

The redemption date for the 8.750% Global Notes due 2026 is December 29, 2025, with payment to the trustee scheduled on the preceding business day before 3:00 pm New York City time.

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

Petrobras states that Petrobras Global Finance B.V. intends to fund the amounts necessary to redeem the 8.750% Global Notes due 2026 using available cash on hand.

What happens to interest on Petrobras (PBR) 8.750% Global Notes after the redemption date?

Interest on the 8.750% Global Notes due 2026 will cease to accrue on and after the December 29, 2025 redemption date, and the notes and Petrobras’s related guaranty will be cancelled with all obligations extinguished.

Who handles payment logistics for the Petrobras (PBR) notes redemption?

Payment on the notes will be credited to The Bank of New York Mellon, the trustee and paying agent, which will then arrange for funds to be paid to The Depositary Trust Company for distribution to its participants.

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 November, 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 OF 8.750% GLOBAL NOTES DUE 2026

RIO DE JANEIRO, BRAZIL – November 28, 2025 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders of the outstanding 8.750% Global Notes due 2026 (the “Notes”).

Title of Security	ISIN	CUSIP	Common Code	Aggregate Principal Amount to be Redeemed
8.750% Global Notes due 2026	US71647NAQ25	71647NAQ2	N/A	US$ 344,167,000.00

The redemption date for the Notes will be December 29, 2025 (the “Redemption Date”).

The redemption price for the Notes will be the greater of (A) 100% of the principal amount of such Notes and (B) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points (the “Make-Whole Amount”), plus in the case of each of clause (A) and (B) above, accrued interest on the principal amount of such Notes from November 23, 2025 to (but not including) the Redemption Date. The Make-Whole Amount will be determined and communicated to holders of the Notes on the third Business Day preceding 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 for the Notes (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.

On the Redemption Date, the Make-Whole Amount, plus accrued 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 the redemption, 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: November 28, 2025