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This excerpt taken from the PBR 6-K filed Sep 10, 2009. c) Lines of Credit for PifCo • On July 13, 2009, Petrobras International Finance Company (PifCo) used US$500 of a line of credit from Banco Santander with maturity in June 2012. The cost of this line of credit is Libor plus market spread. The proceeds will be used by PifCo to finance the purchase of oil imports to Petrobras. • On September 01, 2009, PifCo borrowed US$600 under a line of credit with Banco do Brasil S.A. The loan will mature in August 2012 and bear interest at an initial rate of Libor plus a spread reflecting the prevailing rate at the time of incurrence. The proceeds will be used by PifCo to finance oil and oil products exports from Petrobras. 79 20. Subsequent Events (Continued) This excerpt taken from the PBR 6-K filed Sep 9, 2009. Lines of Credit for PifCo • On July 13, 2009, PifCo borrowed U.S.$500 million under a line of credit with Banco Santander S.A. The loan will mature in June 2012 and bear interest at an initial rate of Libor plus a spread reflecting the prevailing rate at the time of incurrence. The proceeds will be used by PifCo to finance the purchase of oil imports to Petrobras. • On September 01, 2009, PifCo borrowed U.S.$600 million under a line of credit with Banco do Brasil S.A. The loan will mature in August 2012 and bear interest at an initial rate of Libor plus a spread reflecting the prevailing rate at the time of incurrence. The proceeds will be used by PifCo to finance oil and oil products exports from Petrobras. This excerpt taken from the PBR 6-K filed Jun 1, 2009. c) Lines of Credit for PifCo • On April 20, 2009 Petrobras International Finance Company - PifCo used US$1,000 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. • On May 18, 2009, PifCo drewdown US$1,000 in a line of credit due on May 9, 2011. The Line bear interest at an initial rate of 6-Month Libor plus 2.65% per annum, payable semi-annually. PifCo will use the proceeds to finance oil exports from Petrobras. | EXCERPTS ON THIS PAGE:
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