Petrobras’s $4 Billion Notes Offering

Cleary Gottlieb Steen & Hamilton, Hogan Lovells and Shearman & Sterling have advised on the transaction

The Notes will be unsecured obligations of Petrobras Global Finance and will be fully and unconditionally guaranteed by Petrobras. Petrobras Global Finance intends to use the net proceeds from the sale of the Notes to repurchase notes validly tendered and accepted for purchase by Petrobras Global Finance in the tender offers described below, and to use any remaining net proceeds for general corporate purposes including to refinance upcoming maturities.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc., Banco Bradesco BBI S.A. and HSBC Securities (USA) Inc. acted as initial purchasers.

Cleary Gottlieb Steen & Hamilton has advised Petróleo Brasileiro S.A. and Petrobras Global Finance B.V. with a team including Nicolas Grabar (Picture), Francesca Odell, David López, Manuel Silva, Aaron Saunders, Mary-Ann Awada and Kevin Swartz.

Hogan Lovells has advised Petróleo Brasileiro S.A. and Petrobras Global Finance B.V. with a team including Wouter Jongen, Anton Louwinger, Alexander Fortuin and Yvette Voermans, Van der Pols Art, Matthijs Dols.

Shearman & Sterling has advised Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Itau BBA USA Securities, Inc., Banco Bradesco BBI S.A. and HSBC Securities (USA) Inc. with a team including Stuart K. Fleischmann, Jonathan Kellner, Flavio Averbug and Samantha Glover.

 

Involved fees earner: Wouter Jongen – Hogan Lovells; Yvette Voermans – Hogan Lovells; Art Van der Pols – Hogan Lovells; Anton Louwinger – Hogan Lovells; Alexander Fortuin – Hogan Lovells; Matthijs Dols – Hogan Lovells; Stuart Fleischmann – Shearman & Sterling; Jonathan E. Kellner – Shearman & Sterling; Flavio Averbug – Shearman & Sterling; Nicolás Grabar – Cleary Gottlieb Steen & Hamilton; Francesca Odell – Cleary Gottlieb Steen & Hamilton; David Lopez – Cleary Gottlieb Steen & Hamilton; Manuel Silva – Cleary Gottlieb Steen & Hamilton; Aaron Saunders – Cleary Gottlieb Steen & Hamilton; Mary?Ann Awada – Cleary Gottlieb Steen & Hamilton; Kevin Swartz – Cleary Gottlieb Steen & Hamilton;

Law Firms: Hogan Lovells; Shearman & Sterling; Cleary Gottlieb Steen & Hamilton;

Clients: Citigroup Global Markets Ltd; HSBC; Morgan Stanley; Petrobras; Banco Bradesco BBI S.A.; Itaú BBA USA Securities; Petrobras Global Finance B.V.;

 

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Author: Ambrogio Visconti