Home Business Petrobras Announces Pre-Payment of Financing With ICBC Leasing

Petrobras Announces Pre-Payment of Financing With ICBC Leasing

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Ivan Monteiro - Petrobras CEO

 

The Petrobras ( PETR4 ) held the prepayment of a financial leasing operation of the P-52 platform in the amount of US $ 750 million, hired in March 2016 with ICBC Leasing (Industrial and Commercial Bank of China Leasing), whose Original maturity was March 2026, the company said in a statement sent to the market on Wednesday (12).

The transaction is in line with the company’s liability management strategy, which aims to improve the amortization profile and the cost of debt, taking into account the deleveraging goal set forth in its 2018-2022 Business and Management Plan