Petrobras signs revolver

Petrobras signs revolver

Loans Debt Corporate & Sovereign Strategy Energy Brazil

Brazil's Petrobras said it has signed a five-year revolving credit facility for $3.25bn with the option to extend the loan for another two years. In all, 18 banks participated in the loan, led by Citi, Crédit Agricole, JPMorgan, Mizuho and Scotiabank as the joint bookrunners, the state-owned energy company said in a statement. Bank of China and Intesa Sanpaolo joined the loan as senior mandated lead arrangers, while ABN Amro, Credit Suisse, Goldman Sachs and HSBC came in as mandated lead arrange

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