Brazil's Embraer candidate for loans up to $1.5 billion after failed Boeing deal - sources [Reuters]
Embraer S.A. (ERJ)
Last embraer s.a. earnings: 3/26 06:00 am
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Source: Reuters
Brazil's Embraer candidate for loans up to $1.5 billion after failed Boeing deal - sources SAO PAULO (Reuters) - Brazilian planemaker Embraer ( EMBR3.SA ) may obtain credit lines between $1 billion and $1.5 billion from the country’s development bank, BNDES, and other lenders after a deal to sell its commercial aircraft division to Boeing ( BA.N ) fell through, two sources close to the matter said on Friday. Proceeds from the loan would be used as working capital and export finance, the sources said, asking for anonymity because the negotiations remain private. Embraer may also be included in a relief program for national airlines affected by the COVID-19 pandemic, they said. Last week, Boeing announced the cancellation of a 2017 agreement to buy control of Embraer’s commercial jets division for $4.2 billion, raising doubts about the Brazilian company’s future and motivating it to commence arbitration proceedings against the U.S. company. “Embraer was not contemplated in our effor
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ERJ
Earnings
- 11/11/24 - Beat
ERJ
Sec Filings
- 11/8/24 - Form 6-K
- 11/8/24 - Form 6-K
- 10/25/24 - Form SC
- ERJ's page on the SEC website