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Embraer Closes Credit Operation With UK Export Finance
October 14, 2022
- British funding totals US$ 100 million
- It is the first financial operation involving UKEF and Embraer
London, October 14, 2022 – Embraer today announced the closing of a US$100 million credit transaction to finance purchases of supplies made by Embraer in the UK. The credit has been granted by JPMorgan Chase Bank, N.A., London Branch (“JPMorgan”) and guaranteed by UK Export Finance; a British government agency focused on financing local exports. It is the first time that UK Export Finance has been involved in an operation with Embraer.
The credit operation between UK Export Finance, JPMorgan, and Embraer will bring several benefits to the company, such as diversification of credit operations and more competitive rates and terms for Embraer's loan profile.
"The diversification of our credit operations is significant in all regions of the world where Embraer operates. We are always looking for actions that improve the profile of our debt, and this is another step in that direction"; says Antonio Carlos Garcia, CFO of Embraer.
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About Embraer
A global aerospace company headquartered in Brazil, Embraer operates in the Commercial Aviation, Executive Aviation, Defense & Security and Agricultural Aviation segments. The company designs, develops, manufactures and markets aircraft and systems and provides after-sales Service & Support to customers.
Since its foundation in 1969, Embraer has delivered more than 8,000 aircraft. On average, every 10 seconds an aircraft manufactured by Embraer takes off from somewhere in the world, carrying more than 145 million passengers annually.
Embraer is a leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service centers and parts distribution, among other activities, in the Americas, Africa, Asia and Europe.
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