Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 144

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 144
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 non-current finance debt and lease liabilities) totaled US$60,311 million, and the Net Debt (a non-GAAP measure representing Gross Debt minus Adjusted Cash and Cash Equivalents), totaled US$52,240 million.
 We can use our revolving credit lines in case of liquidity needs at any time until their maturity dates, and they will be considered as part of our Gross Debt and Net Debt only once drawn down.
 For reconciliation of Net Debt and Gross Debt, see “Liquidity and Capital Resources – Sources of Funds – Finance Debt – Adjusted EBITDA and Net Debt/Adjusted EBITDA ratio” in this annual report.
 

Annual Report and Form 20-F 2024 |
Finance Debt 
 Debt profile 
 In 2024, proceeds from financing amounted to US$2,129 million, reflecting notably the issuance of Global Notes in the international capital markets in the amount of US$978 million, maturing in 2035 and proceeds in the domestic banking market, in the amount of US$1,122.
 We currently issue notes in the international capital markets through our wholly-owned finance subsidiary PGF. We fully and unconditionally guarantee such notes issued by PGF.
 Information on weighted average interest rate and weighted average maturity of our finance debt is presented below:
 

                2024                   2023    2022
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Weighted                        6.8     6.4     6.5
average interest rate (%)                          
Weighted                      12.52   11.38   12.07
average maturity (in years)                        
Leverage                         39      30      39
(%)(1)                                             
 (1)     Leverage is a non-GAAP measure defined as (Gross Debt – Adjusted cash and cash equivalents) / (Market Capitalization + Gross Debt – Adjusted cash and cash equivalents) as of December 31 of the respective year.
 
For additional information on Finance Debt amortization, see “Liquidity and Capital Resources – Use of Funds – Debt Service Obligations” in this annual report.
 
<{self.tag} alt="{self.alt}" src="{self.src}">FINANCE DEBT PROFILE PER CATEGORY AS OF DECEMBER 31, 2024 (%)
  

Annual Report and Form 20-F 2024 |
<{self.tag} alt="{self.alt}" src="{self.src}">DEBT PROFILE PER CURRENCY AS OF DECEMBER 31, 2024 (%)