This excerpt taken from the PBR 6-K filed Aug 18, 2009.
30.3 PifCo Line of Credit
On July 13, 2009, the Petrobras International Finance Company (PifCo) raised US$ 500 million from a line of credit with Santander with maturity in 2012. The cost of this line of credit is Libor plus market spread. PifCo used these funds to finance its operations for importing oil and oil products.