Empirer has signed a joint credit agreement worth $ 1 billion for five years. This deal is an extension of a joint credit process of $ 650 million in October 2022. The contract allows the company important access to financial resources at pre -negotiable prices.
Under the banks PNC Bank, Crédit Agricole, Citibank, with the participation of institutions such as BNP Paribas, Mizuho, Bank Of America, Sumitomo Mitsui Bank Corporation, Natixis, JP Morgan, MFG, Santander, and Banco do RASIL, Commerzbank, and Morgan Stanley. The Bradesco and Goldman Sachs, the agreement allows access to a renewed credit line that can be used by Embraer’s company in the United States and the Netherlands, with Embraer SA as its guarantor.
“Extending a major joint credit line enhances the liquidity of Empirer over the next five years, providing important support for our long -term strategy. Our partnership with strong and distinguished financial institutions enhances the credit quality of Embraer. For example, Standard & Poor’s recently raised our classification. To the degree of investment, we believe that this new regional cooperation framework will be an important support for us to restore the full investment degree across all classification agencies in the near future, “Antonio Carlos Garcia, the financial manager of Imperrare, explained. .
Earlier this year, Standard & Poor’s International Credit Code of Ranking raised the BB+Emperor classification to “BB-” and maintained a stable future look. According to the S&P, the generation of strong cash to Embraer has increased the delivery of aircraft and the reduction of costs and efficiency measures to a free cash flow in 2023, which was much stronger than the company’s directives to the market. The Fitch credit rating agency also modified the BB+ classification with a positive future look, while Moody’s ranked its classification to the BA1 and maintained a stable future look.
Embraer blog provides a joint credit line worth $ 1 billion for five years that appeared for the first time in Air Cargo Week.
