March 9, 2018 |
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
Brazilian state-run energy company pens $4.35bn in debt, increases facility from $3bn, sources