Page 16 - LatAmOil Week 50 2021

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All the acts necessary to make this Offering,
including with regard to the structure(s) nec-
essary to materialise it, will be subject to the
approval of Petrobras’ internal bodies, notably
with regard to the price and effective percentage
of the shares to be offered, as well as the analysis
and approval of the respective regulatory bodies,
under the terms of the applicable legislation.
This communication does not constitute
the effective migration of Braskem to the Novo
Mercado and should not be considered as an
The Skandi Santos is designed to install and of Baroda. announcement of a securities offering for sale in
retrieve subsea trees and modules, including The operation is in line with the company’s Brazil or in any other market abroad, which will
subsea structures and manifolds at water depths liability management strategy, aiming at improv- depend on favorable market conditions. This
of up to 2,500 metres. The vessel is now complet- ing the debt amortisation profile and reducing material fact is for informational purposes only,
ing its current contract with Petrobras which costs, considering the gross debt target foreseen pursuant to the terms of the applicable regula-
began March 1, 2010. in its 2022-2026 Strategic Plan. tions, and should not, under any circumstances,
AKOFS Offshore, headquartered in Oslo, Petrobras, December 16 2021 be considered as an investment recommenda-
Norway, is a global provider of vessel based sub- tion, an offer for sale, or a solicitation or offer
sea well intervention and installation services to for acquisition of securities of Petrobras or its
the oil and gas industry. In addition to the vessel INVESTMENT invested company Braskem.
Skandi Santos, it also operates the vessels Aker Petrobras, in accordance with applicable leg-
Wayfarer and AKOFS Seafarer, respectively for Petrobras on the sale of islation and regulations, will keep its sharehold-
Petrobras and Equinor. The Company is owned ers and the market in general informed about
by Akastor AS (50%), Mitsui & Co. (25%) and stake in Braskem pertinent developments concerning the matters
Mitsui O.S.K. Lines (25%). informed herein. This operation is aligned with
Akastor, December 9 2021 Petrobras informs that its Board of Directors the portfolio management and the improvement
approved the model for the sale of up to 100% of of the company’s capital allocation, aiming at the
the preferred shares it holds in Braskem, to be maximisation of value and greater return to the
FINANCE conducted through secondary public offering(s) society.
of shares (follow-on), together with Novonor Petrobras, December 16 2021
Petrobras contracts $5bn S.A. - In Judicial Recovery and NSP Investimen- Petrobras reports on the
tos S.A. - In Judicial Recovery (both referred to
revolving credit line as Novonor), called the Offer.
Petrobras also informs that signed a Term
Petrobras informs that it signed today a revolv- Sheet with Novonor that, in addition to formal- sale of BM-S-8 block
ing credit facility (RCF) in the amount of $5bn, ising their commitment to making the Offer, Petrobras, following up on the releases disclosed
maturing in December 2026, with the possibility establishes guidelines with the objective of on November 22, 2016, and March 21, 2018,
of being extended in up to two years. migrating Braskem to the Novo Mercado, the informs that it will receive from Equinor Brasil
The agreement, signed with 16 banks, allows highest level of corporate governance of B3 S.A. Energia Ltda the last contingent installment in
the company to draw on the line until the month - Brasil, Bolsa, Balcão. the amount of $950mn related to the sale of its
before maturity, and will be used to replace the As a first step in this direction, Petrobras and stake in the exploratory block BM-S-8, where the
$4.35bn revolving credit facility contracted in Novonor, in addition to the request already sub- Bacalhau field (former Carcará area) is located.
2018, which was due to mature in March 2023 mitted by Novonor, will request that Braskem Petrobras sold its total stake (equivalent to
and was cancelled on the current date. conduct the studies and analyses required for 66%) in block BM-S-08 to Equinor for $2.5bn,
The transaction creates an additional alter- migration, which should include certain actions, with the first installment of $1.25bn received at
native source of funds for the company to use including the necessary governance adaptations the closing of the transaction on 11/22/2016, and
according to its needs. As a result, Petrobras will and the respective corporate approvals. With the the second installment of $300mn received on
be able to use its cash more efficiently, maintain- migration there will be the negotiation and sign- March 21, 2018.
ing access to liquidity without incurring load ing of a new Shareholders’ Agreement. The receipt of the last installment was condi-
costs. Through the Term Sheet, Petrobras and tioned to the approval of the Production Individ-
The banks that participated in this operation Novonor manifest their interest in selling their ualisation Agreement (AIP) of the Bacalhau and
were: respective remaining stakes (common shares) Norte de Bacalhau fields by the National Agency
- Joint Bookrunners : Bank of America, Bank in Braskem after the migration to the Novo of Petroleum, Natural Gas and Biofuels (ANP).
of China, BNP Paribas, Citibank, Credit Agri- Mercado. The AIP was submitted by Equinor on January
cole, JPMorgan Chase Bank, Mizuho, MUFG, Also as part of the commitments assumed 29, 2021, and approved today at the ANP’s exec-
Sumitomo Mitsui Banking Corporation and The in the Term Sheet, Petrobras and Novonor also utive board meeting with public transmission.
Bank of Nova Scotia; signed an amendment to Braskem’s current Payment of the contingent installment should
- Mandated Lead Arrangers: HSBC, Banco Shareholders’ Agreement, providing for a future occur within 45 business days after approval.
Santander; change in the discipline of Braskem’s preemptive This installment will be recognised in the finan-
- Lead Managers: Morgan Stanley; rights in new businesses in the petrochemical cial statements for the fourth quarter of 2021.
- Participants: Deutsche Bank, ICBC, Bank sector. Petrobras, December 9 2021

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