GEORGE TOWN, Cayman Islands
April 8, 2013
Petrobras International Finance Company (the "Company" or "PifCo") announced that
, pursuant to its previously announced Consent Solicitation, it had received valid consents (each one a "Consent") from holders of a majority of the principal amount of the Company's 9.125% Notes due 2013 (CUSIP No. 71645WAG6/ISIN US71645WAG69) (the "2013 Notes") as of the new expiration time for such series at
New York City
April 5, 2013
(the "New Expiration Time").
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 forth in the Consent Solicitation Statement dated
March 11, 2013
(the "Consent Solicitation Statement"), and in the accompanying Letter of Consent (the "Letter of Consent").
The Company, Petrobras and the Trustee expect to execute a supplemental indenture (the "New Supplemental Indenture") to effect the Proposed Amendments with respect to the 2013 Notes promptly after the New Expiration Time.
J.P. Morgan Securities LLC ("J.P. Morgan") is the Solicitation Agent (the "Solicitation Agent") for the Consent Solicitation, and Global Bondholder Services Corporation is the Tabulation Agent (the "Tabulation Agent") and the Information Agent for the Consent Solicitation.
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
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.
Any questions or requests for assistance regarding the expired Consent Solicitation may be directed to J.P. Morgan at (866) 846-2874 (toll-free) or (212) 834-2052 (collect). Requests for additional copies of the Consent Solicitation Statement, the Letter of Consent and related documents may be directed to Global Bondholder Services Corporation at (866) 736-2200 (toll-free).