Petrobras

P-52: prepayment of financing with ICBC Leasing from China

Petrobras Agency/T&B Petroleum
12/09/2018 21:01
P-52: prepayment of financing with ICBC Leasing from China Imagem: Petrobras Agency Visualizações: 993 (0) (0) (0) (0)

Petrobras informs that, on 09/10/2018, it prepaid US$ 750 million related to the financial leasing contract of P-52 platform executed in March 2016 with ICBC Leasing (Industrial and Commercial Bank of China Leasing), with original maturity on March 2026.

 

The transaction is in line with the company’s liability management strategy, which aims to improve its amortization profile and cost of debt taking into consideration the deleveraging goals under its 2018-2022 Business and Management Plan.

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