Petrobras concludes debenture offering

Petrobras, following up on the disclosures made on May 31 and June 25, 2025, announces the conclusion today of the public offering for the 8th (eighth) issuance of simple debentures, not convertible into shares, unsecured, in three series, by Petróleo Brasileiro S.A. – PETROBRAS, pursuant to the Brazilian Securities and Exchange Commission (“CVM”) Resolution No. 160, dated July 13, 2022, as amended (“CVM Resolution 160”), Law No. 12,431, dated June 24, 2011, as amended (“Law No. 12,431”), Decree No. 11,964, dated March 26, 2024, as amended (“Decree No. 11,964”), Law No. 6,385, dated December 7, 1976, as amended, as well as other applicable legal and regulatory provisions, in the total amount of R$ 3,000,000,000.00 (three billion reais).

The offering enabled the company to raise funds in the local market at competitive costs, in line with its liability management strategy.

The total demand for the offering reached approximately R$ 5.4 billion, allowing a significant reduction in interest rates during the bookbuilding process compared to the initially announced rates, highlighting strong investor appetite for the company’s credit, particularly from individual investors, who directly subscribed to approximately 68% of the issued volume.

The final settlement of the offering occurred on June 24, 2025.