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Embraer gets $1 billion credit line
14 September 2010
The Brazilian aircraft manufacturer has secured a $1 billion syndicated credit facility
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Embraer
BNP Paribas
Banco do Brasil
HSBC
Intesa Sanpaolo
Santander
Societé Générale
The Bank of Tokyo-Mitsubishi
Embraer has secured $1 billion of financing from a syndicate of 25 financial institutions.
The short-term funds will be available in two credit lines: $400 million for pre-export financing at Libor plus 165 bps, and $600 million for working capital obligations at Libor plus 185bps.
The funds are available for two years, and must be paid back...
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