US Bank Approves $2B Line of Credit for Petrobras
Petrobras informs that, on April 14, 2009, Export-Import Bank of the United States (U.S. Ex-Im Bank) approved a Preliminary Commitment (PC) to Petrobras in support of the export of U.S. goods and services in connection with Petrobras new exploration and
development activities, as well as upgrades and expansions of its existing facilities.
Petrobras can withdraw separate lines with different tenors in the next two years to finance the import of U.S. services and equipments, following the conditions established in the PC. The total financed amount approved in the PC is US $2 billion and the maximum repayment term is 10 years.
This approval demonstrates diverse sources of funding available to the Company to finance its Investment Plan.
Operates 34 Offshore Rigs
Manages 10 Offshore Rigs
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