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Petrobras signs finance agreement of up to USD 400 million
16 Apr 2018
Petrobras has signed, through its wholly owned subsidiary Petrobras Global Trading (PGT), a finance agreement of up to US$ 400 million with Credit Agricole Corporate and Investment Bank (CACIB) with a guarantee from the UK Export Finance (UKEF). The maturity is 2029 and the funds will support procurement from UK suppliers on Petrobras projects.
This operation is in accordance with Petrobras liabilities management strategy, which aims to improve its amortization profile and reduce cost, taking into account the deleveraging goal set forth in its 2018-2022 Business and Management Plan.