Petrobras’ Cash Tender Offers on US$7.639 billion and €365 Million Notes

Cleary Gottlieb Steen & Hamilton, Hogan Lovells and Pinheiro Neto advised on the transaction

Petróleo Brasileiro S.A. (NYSE: PBR) executed its tender offer to buy $7,639,381,000 and €365,771,000 principal amount of the outstanding notes issued by its wholly-owned subsidiary Petrobras Global Finance B.V.

BB Securities Limited, BTG Pactual US Capital, LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc., and Santander Investment Securities Inc. acted as dealer managers in connection with the Tender Offers. Global Bondholder Services Corporation is acting as the depositary and information agent for the Tender Offers.

Cleary Gottlieb Steen & Hamilton advised Petróleo Brasileiro S.A. with David López (Picture) Francesca Odell, Manuel Silva, Andrea Lavourinha, Thomas Graham, Morgan White-Smith and David Maranjian.

In Amsterdam, Hogan Lovells advised Petróleo Brasileiro S.A. with Wouter Jongen, Anton Louwinger, Alexander Fortuin, Yvette Voermans and Matthijs Dols.

Pinheiro Neto advised the dealers managers with Ricardo S. Russo, Marcos Saldanha Proença and Cristina Liu.


Involved fees earner: Ricardo Russo – Pinheiro Neto; Marcos Saldanha Proenca – Pinheiro Neto; Cristina Liu – Pinheiro Neto; Wouter Jongen – Hogan Lovells; Yvette Voermans – Hogan Lovells; Anton Louwinger – Hogan Lovells; Alexander Fortuin – Hogan Lovells; Matthijs Dols – Hogan Lovells; David Lopez – Cleary Gottlieb Steen & Hamilton; Francesca Odell – Cleary Gottlieb Steen & Hamilton; Manuel Silva – Cleary Gottlieb Steen & Hamilton; Andrea Lavourinha – Cleary Gottlieb Steen & Hamilton; Morgan White-Smith – Cleary Gottlieb Steen & Hamilton;

Law Firms: Pinheiro Neto; Hogan Lovells; Cleary Gottlieb Steen & Hamilton;

Clients: HSBC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities; Petrobras; BB Securities Ltd; Santander Securities ; BTG Pactual US Capital, LLC; MUFG Securities Americas Inc. ;



Author: Ambrogio Visconti