Petrobras to issue new U.S. dollar global notes
Petróleo Brasileiro S.A. – Petrobras reports that its wholly owned financing subsidiary, Petrobras Global Finance B.V.
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Rhea-AI Filing Summary
Petróleo Brasileiro S.A. – Petrobras reports that its wholly owned financing subsidiary, Petrobras Global Finance B.V. (PGF), has launched an offering of two new series of U.S. dollar-denominated global notes in international capital markets, subject to market and other conditions. The notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras.
PGF plans to use the net proceeds from the sale of the notes for general corporate purposes. The transaction is being conducted under an effective registration statement filed with the U.S. Securities and Exchange Commission, with a prospectus and preliminary prospectus supplement available through EDGAR and the joint bookrunners. The notes are targeted at qualified and professional investors and are not intended to be offered or sold to retail investors in the European Economic Area or the United Kingdom, reflecting regional investor protection regulations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Petrobras (PBR) announce in this Form 6-K?
Petróleo Brasileiro S.A. – Petrobras announced that its wholly owned subsidiary, Petrobras Global Finance B.V. (PGF), has commenced an offering of two new series of U.S. dollar-denominated global notes in the international capital markets, with the notes guaranteed fully, unconditionally and irrevocably by Petrobras.
Who is issuing the new U.S. dollar global notes for Petrobras (PBR)?
The issuer is Petrobras Global Finance B.V. (PGF), a wholly owned subsidiary of Petrobras. The notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras.
How will Petrobras Global Finance B.V. use the proceeds from the notes offering?
PGF intends to use the net proceeds from the sale of the U.S. dollar-denominated global notes for general corporate purposes, as stated in the disclosure.
Which banks are acting as joint bookrunners for the Petrobras (PBR) notes offering?
The joint bookrunners for the offering are BBVA Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Itau BBA USA Securities, Inc., Santander US Capital Markets LLC and UBS Investment Bank.
Where can investors access the Petrobras and PGF prospectus for the notes?
Investors can access the prospectus and preliminary prospectus supplement for free by visiting EDGAR on the SEC website at www.sec.gov, or by requesting copies from the named joint bookrunners via their listed contact numbers.
Can retail investors in the EEA or UK buy the new Petrobras global notes?
No. The notes are not intended to be offered, sold or otherwise made available to any retail investor in the European Economic Area or the United Kingdom. The documents specify that no PRIIPs key information document has been prepared and restrict access to qualified or professional investors and relevant persons.
Does the Petrobras announcement guarantee that the notes offering will be completed?
No. The company includes forward-looking statements language noting that there is no assurance the transactions described will be consummated or what the ultimate terms will be, and Petrobras undertakes no obligation to update such statements.
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