Embraer secures credit line through BNDES

Embraer secures credit line through BNDES

Debt Loans M&A Brazil US Latin America

Brazilian aircraft manufacturer Embraer said Monday that it secured a $600 million credit line to reinforce working capital with half of the money from national development bank BNDES and the other half from a group of private-sector and state-owned banks. "These working capital financial lines, generally available to exporting companies, will further reinforce the cash position of the company, guaranteeing funds from the production phase through the moment of product shipment for the export mar

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