Friday, April 19, 2019

Petrobras Prepays $975 Mln Worth of Bank Debt

August 6, 2018

Brazilian Petróleo Brasileiro SA has settled three bank loans worth a total of $975 million that were due 2022, the state-controlled oil company said in a securities filing on Monday.

Petrobras, as the company is known, paid $325 million to Bank of America Corp, $150 million to Banco Safra SA and $500 million to Banco MUFG Brasil S.A., the filing said.

(Reporting by Bruno Federowski; Editing by Bernadette Baum)

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