Loan & DebtMay 28, 2026, 06:12 AM
Petrobras to Redeem Outstanding Notes
AI Summary
Petrobras (PGF) announced its intention to redeem outstanding notes on the Redemption Date. The Make-Whole Amount, plus accrued interest, will become due and payable, and interest on the notes will cease to accrue. Upon redemption, the notes and related guaranty will be cancelled, and all obligations extinguished. PGF plans to use available cash on hand to fund the redemption.
Key Highlights
- Petrobras to redeem outstanding notes on the Redemption Date.
- 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.
- Notes and related guaranty by Petrobras will be cancelled upon redemption.
- All obligations under the notes will be extinguished.
- Petrobras intends to fund the redemption with available cash on hand.
Price Impact
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