Reuters
BRASILIA – Brazilian state-controlled oil producer Petroleo Brasileiro S.A. PETR4.SA said on Monday that it has fully repaid the remaining $2 billion balance on its dollar-denominated revolving credit line, which will now allow it to access new facilities.
Petrobras can now access lines of up to $7.6 billion, and 4 billion reais ($727 million), the company said in a securities filing, adding that this will allow it “greater efficiency in cash management”.
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