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PBR » Topics » 14.6 Line of credit for PifCo

This excerpt taken from the PBR 6-K filed Aug 18, 2009.

14.6 Line of credit for PifCo

From March 24 to June 5, 2009, the Petrobras International Finance Company (PifCo) raised funds in the total amount of US$ 4.5 billion from lines of credit with Citibank Santander, HSBC Bank, Société Generale and JP Morgan Chase Bank, with maturity in 2011. These lines are subject to interest at Libor plus market spread. PifCo used these funds to finance its operations for exporting/importing oil and oil products.

This excerpt taken from the PBR 6-K filed Jun 8, 2009.

30.3 Line of Credit for PifCo

On April 20, 2009 Petrobras International Finance Company - PifCo used US$ 1 billion of a line of credit maturing in April 2011. The initial rate of interest is six-month LIBOR + 3.125% p.a., with half-yearly payments. PifCo will use these funds to finance operations originating from exports of Petrobras' oil.

EXCERPTS ON THIS PAGE:

6-K
Aug 18, 2009
6-K
Jun 8, 2009

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