Petrobras signs five-year loan, snares funds from 17 banks

Petrobras signs five-year loan, snares funds from 17 banks

Loans Brazil Energy

Petrobras has signed a five-year $4.35bn senior unsecured revolving credit facility (RCF), sources familiar with the transaction confirmed. Joint bookrunners BNP Paribas, Citi, Credit Agricole and Mizuho initially sought $3bn upon launching last month, but syndication welcomed 17 institutions and enabled the leads to increase the transaction size, loans sources said. MUFG joined as a senior mandated lead arranger (MLA), while the following banks joined as MLAs: - Bank of America Merrill Lynch- B

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