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Company News

Brazil's Petrobras pays back $2.1 billion in revolving credit

FILE PHOTO: The logo of Petrobras, state-controlled Petroleo Brasileiro SA, is seen at their President Bernardes Refinery in Cubatao, Brazil June 8, 2017. REUTERS/Paulo Whitaker

RIO DE JANEIRO (Reuters) - Brazilian state-run oil firm Petrobras has made an early repayment on $2.1 billion of revolving credit lines, it said on Tuesday.

In a securities filing, Petroleo Brasileiro SA, as the company is formally known, said the move would free up cash for future credit operations.

Reporting by Gram Slattery; Editing by Chris Reese

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