T&B Petroleum/Petrobras Agency
Petrobras, in continuation to the statement of 03/20/2020, informs that, today, it has made partial prepayment of its committed credit lines (Revolving Credit Lines), in the amount of US $ 3.5 billion. These funds will be available for new withdrawals, if necessary.
"The withdrawal of US $ 8 billion from committed credit lines was important for us to face this moment of greater volatility. Our capacity to react with the adoption of resilience measures proved to be effective in going through the crisis. We will continue to work with the objective of making Petrobras a company even more resilient and capable of generating more value for its shareholders ", commented Andrea Almeida, Executive Financial and Investor Relations Director at Petrobras.
The operation will allow greater efficiency in cash management in line with the company's capital optimization strategy.
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