British funding totals US$ 100 million • It is the first financial operation involving UKEF and Embraer
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.