October 26, 2014 3:07 AM ET

Diversified Financial Services

Company Overview of Petrobras International Finance Company

Company Overview

Petrobras International Finance Company engages in the borrowings in capital markets internationally. Its borrowings are guaranteed by Petróleo Brasileiro S.A. The company was formerly known as Brasoil Finance Company and changed its name to Petrobras International Finance Company in September 1997. The company was founded in 1997 and is based in George Town, the Cayman Islands. Petrobras International Finance Company operates as a subsidiary of Petroleo Brasileiro S.A.

Harbour Place

103 South Church Street

4th floor

P.O. Box 1034GT

George Town,  

Cayman Islands

Founded in 1997

Key Executives for Petrobras International Finance Company

Chairman
Age: 63
Chief Financial Officer
Age: 59
Chief Executive Officer of Petr Leo Brasileiro S.A. Petrobras
Age: 61
Chief Audit Officer
Age: 61
Chief Commercial Officer
Age: 55
Compensation as of Fiscal Year 2014.

Petrobras International Finance Company Key Developments

Petrobras International Finance Company Announces Audited Earnings Results for Full Year Ended December 31, 2013

Petrobras International Finance Company announced audited earnings results for full year ended December 31, 2013. For the year, the company reported that net loss was $727 million.

Petrobras International Finance Company Announces Receipt of Majority Consents from Holders of 9.125% Notes Due 2013

Petróleo Brasileiro S.A. – Petrobras announced that its Petrobras International Finance Company, pursuant to its previously announced Consent Solicitation, has received valid consents from holders of a majority of the principal amount of the company’s 9.125% Notes due 2013 (CUSIP No. 71645WAG6/ISIN US71645WAG69) as of the new expiration time for such series at 5:00 pm New York City time, on April 5, 2013.  Since the New Expiration Time has occurred with respect to the 2013 Notes, such holders may not revoke their consents. The Consent Solicitation is made on the terms and is subject to the conditions set in the Consent Solicitation Statement dated March 11, 2013, and in the accompanying Letter of Consent. The company, Petrobras and the Trustee expect to execute a supplemental indenture to effect the Proposed Amendments with respect to the 2013 Notes promptly after the New Expiration Time. On April 9, 2013, pursuant to the terms of the Consent Solicitation Statement, the Company will pay to The Depository Trust Company or the Tabulation Agent the aggregate Consent Payment due to each holder of the 2013 Notes who has validly delivered (and not validly revoked) a Consent prior to the New Expiration Time.  The Consent Payment is $1.25 for each $1,000 in principal amount of each of the 2013 Notes with respect to which a Consent has been validly delivered prior to the New Expiration Time. Other than such Consent Payment, holders of the 2013 Notes will receive no consideration for granting any consent solicited pursuant to the Consent Solicitation Statement.

Petrobras International Finance Company Announces Consent Solicitations

Petróleo Brasileiro S.A. - Petrobras announced that its wholly owned subsidiary Petrobras International Finance Company pursuant to its previously announced Consent Solicitations, had received valid consents from holders of a majority of the principal amount of each of the company’s 7.75% Notes due 2014 and the company’s 8.375% Notes due 2018 as of the expiration time for such series on March 22, 2013. In addition, the company also announced the extension of the expiration time for the company’s 9.125% Notes due 2013 on April 5, 2013. Since the expiration time has occurred with respect to the 2014 Notes and to the 2018 Notes, such holders may not revoke their consents. The consent solicitations are made on the terms and are subject to the conditions set forth in the consent solicitation statement dated March 11, 2013 and in the accompanying Letter of Consent. The company, Petrobras and the Trustee expect to execute supplemental indentures to effect the proposed amendments with respect to the 2014 Notes and 2018 Notes promptly after the expiration time. J.P. Morgan Securities LLC is the Solicitation Agent for the consent solicitations, and Global Bondholder Services Corporation is the Tabulation Agent and the Information Agent for the Consent Solicitations. On March 26, 2013, pursuant to the terms of the consent solicitation statement, the company will pay to The Depository Trust Company or the Tabulation Agent the aggregate Consent Payment due to each holder of the 2014 Notes and 2018 Notes who has validly delivered a consent prior to the expiration time. The consent payment is $1.25 for each $1,000 in principal amount of each of the 2014 Notes and 2018 Notes with respect to which a consent has been validly delivered prior to the expiration time. Other than such consent payment, holders of the 2014 Notes and 2018 Notes will receive no consideration for granting any consent solicited pursuant to the Consent Solicitation Statement.

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