Filing Overview
Petrobras filed a Form 6-K for September 2026. The filing announces the redemption terms for Petrobras Global Finance B.V.’s outstanding 5.999% Global Notes due 2028, guaranteed by Petrobras.
Key Financial and Debt Metrics
| Item | Amount or terms |
|---|---|
| Aggregate principal amount redeemed | US$1,080,945,000 |
| Redemption price | US$1,010.601180 per US$1,000 principal amount |
| Make-whole premium | US$11,459,292.52 total, or approximately US$10.601180 per US$1,000 |
| Accrued interest | US$10,447,393.48 total, or approximately US$9.665056 per US$1,000 |
| Redemption date | September 25, 2026 |
| Funding source | Available cash on hand |
The redemption price payable for principal and make-whole premium is US$1,092,404,292.52. Accrued and unpaid interest is payable in addition to that amount. The filing does not provide operating revenue, profit, cash flow, margin, or liquidity balances.
Material Changes Versus the Prior Comparable Period
- Petrobras intends to retire the specified 2028 notes before maturity.
- Upon redemption, the notes and Petrobras’s related guaranty will be cancelled, and the obligations will be extinguished.
- The notes will cease to accrue interest after the redemption date and will cease to be listed on the Luxembourg Stock Exchange.
Outlook, Risks, and Unusual Items
- PGF intends to fund the redemption with cash on hand, resulting in a cash outflow and a reduction in outstanding debt.
- The filing states that completion and final terms of the transaction are subject to risks and uncertainties. No assurance is given that the transaction will be consummated as described.
- Petrobras disclaims an obligation to update or revise the forward-looking statements.
Investor Verification Points
- Confirm completion of the September 25, 2026 redemption and cancellation of the notes and guarantee.
- Verify the total cash payment, including the US$1,092.4 million redemption amount and the separately stated US$10.4 million accrued interest.
- Assess the effect of the redemption on Petrobras’s cash balance, gross debt, interest expense, and refinancing profile.
- Review subsequent filings for any changes to the redemption terms or payment status.