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Embraer, has its headquarters Sao Jose dos CamposThis Friday (14) it announced the end of a US$100 million loan facility that will finance purchases of products made by the company in the United Kingdom.
Loan issued and guaranteed by JP Morgan Chase Bank, NA, London Branch (“JP Morgan”). UK Export Fund, a British government agency focused on financing local exports. This is the first time that UK export finance has been involved in the process with Embraer.
Benefits of this move include diversification of credit operations, more competitive rates and terms for Embraer’s credit profile.
“The diversification of our credit operations is critical in all regions of the world where Embraer operates. We are always looking for actions to improve our credit profile, and this is another step in that direction,” Antonio Carlos Garcia, Embraer’s CFO, said in a statement.
About Embraer
Embraer, a global aerospace company headquartered in Brazil, operates in the commercial aviation, executive aviation, defense and security, and agricultural aviation segments.
The company designs, develops, manufactures and markets aircraft and systems and provides after-sales service and support to customers.
Since its founding in 1969, Embraer has delivered more than 8,000 aircraft. On average, an Embraer-manufactured aircraft takes off from somewhere in the world every 10 seconds, carrying more than 145 million passengers annually.
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