SÃO JOSÉ DOS CAMPOS, Brazil,
June 15, 2020 /PRNewswire/ -- Embraer
(B3: EMBR3, NYSE: ERJ) informs the market and the general public
that, as part of its diligent management of indebtedness and
liquidity, it has finalized the terms of contracts for working
capital and export financing of a total of up to US$ 600 million, with up to four years until
maturity.
An amount of up to US$ 300 million
will be financed via the Brazilian National Bank of Economic and
Social Development (BNDES), and the remaining value of up to
US$ 300 million will come from
private and public banks, maintaining the proportion of 50/50.
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 market.
This type of operation is exclusively debt and does not alter
the shareholding structure of Embraer. The Company will continue to
evaluate additional forms of financing in order to maintain a
long-term indebtedness profile conducive to its business
cycle.
Antonio Carlos Garcia
Executive Vice President of Finance and Investor Relations
PRESS OFFICES:
Headquarters (Brazil)
Corporate Communications
embraer@idealhks.com
Cell: +55 11 98890 7777
Tel.: +55 11 4873 7984
North America
Alyssa Ten Eyck
ayeck@embraer.com
Cell: +1 954 383 0460
Tel.: +1 954 359 3847
Europe, Middle East and Africa
Guy Douglas
guy.douglas@nl.embraer.com
Cell: +31 (0)657120121
Tell: +31 (0)202158109
China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 185 1378 5180
Tel.: +86 10 6598 9988
Asia Pacific
Nilma Missir-Boissac
nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
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SOURCE Embraer S.A.